ERHC Energy Inc (ERHE)

[midtieroil]

Well at least they are finally getting serious about farming out these interests. Their "virtual" data room was a joke. It seems like they are finally opening a real data room, putting out some offering circulars and are following a path that gives them at least some chance of being successful in doing this.

The terms of the farmout are still very much in doubt though. Can they find a JV partner who can operate these properties or build an internal operating organization from scratch? If so can they get full carries? And finally can they get anything over and above the full carries to sustain the company while we gather seismic, and plan for drilling?

Still lots of unanswered questions.