ERHC Energy Inc (ERHE)

[Krombacher]

Julius,

you seem to be having a lot of trouble, along with many others, accepting that the JDZ (as drilled by SNP) to date was a bust.

That's OK to accept! Because, I have no doubt there's oil in the JDZ, as is shown by OBO-1.

The "controlling element" is not oil or B-gas or T-gas or condensate.

The "controlling element" is the operator, and their experience or lack thereof.

In my opinion, SNP has no business being in the JDZ...they simply cannot handle it (as I perceive it).

But Total can...and when they enter and they will, the JDZ will bear fruit...the BIG question is, will ERHC have the funds to survive until then.

I hope you can finally put it to bed that the JDZ was just a disappointment from SNP's vantage point. Again ***SNP's*** vantage point.

The best thing that can happen right now, as scary as it sounds, is for SNP to drop the whole thing and leave due to pressure from the JDA to move forward in mid-March.

Yes, such an action will bring about considerable turmoil and scare everyone out of their minds...but it will allow for the entry of Total.

Alternatively, Total can just buy out our interests and then partner up with SNP, if SNP just cannot bear to leave after the 100's of millions it spent only to blunder the project (my opinion).

And for those of you who are so convinced based on SNP's website about "oil flows", I think that was truly a translation error.

Krombacher - the above may be wrong.