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Re: RUBY1100 post# 7167

Saturday, 07/02/2005 1:43:07 PM

Saturday, July 02, 2005 1:43:07 PM

Post# of 362072
Ruby and others:

I am unclear as to why the other companies claims to 100% of two blocks is contradictory to ERHC claims. Are they saying that they have the rights and we don't? I understood that both entities had 100% of 2 blocks and we also had 15% of two additional blocks.

In other words between the two companies 4.3 blocks were spoken for. If that is the case I do not see why they say that Equator's claims fly in the face of ERHC's.

I believe buyout news is good news for the company. If someone is willing to bid for us then it will prove to investors that what ERHC has is very valuable. Should be positive for share price if this is true. I am not saying they should accept it unless it is just too good to pass up. I hope they don't accept a lowball price considering the recent stock price.

Anyways, any news is better than no news right now.