ERHC Energy Inc (ERHE)

[manuel06]

Merely a formality knowing ERHC can't afford it.

so my answer is YES they were offered IMO..lol
from #Q. FAQ.

Is ERHE presently negotiating for revenue producing properties and do you expect those negotiations to be completed in 2012?

Q. We have always been negotiating for revenue-producing properties. However, entry into such properties does not come cheap as a hefty premium will be paid for production. In 2012, our concentration is on securing more awards from government, which we then intend to monetize to an extent that might enable us the leverage to realistically bid for immediate revenue-producing properties
Q. Is it the company's plan to pay for annual operating expenses with the revenue from revenue producing properties once they are acquired?

As is the case with any oil and gas company, the idea is to have revenues from producing assets cover expenses. It is not likely to be a short-term solution, which is why our plan is to monetize a portion of our EEZ and Chad assets to raise funds