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Re: None

Monday, 07/09/2012 9:35:29 AM

Monday, July 09, 2012 9:35:29 AM

Post# of 362662
Well now that the Kenya news is official and the PSC have been signed, Peter can go looking for a partner to drill the project. Let's see Peter has lots of experience with looking for JV partners for the EEZ and Chad but to date no success. So will Peter be calling those same people that turned him down where he approached them about the EEZ and Chad or does he has some new clients to call? I think Peter has to approach those same few companies that are capable of doing this kind of drilling and are willing to work in Africa. How many can there be? A dozen would be a high estimate. How many of those are sick of Peter's ideas to make money by going in partners with ERHC. is Peter bringing anything new to the table or does he still want the partner to pay for the privilege of giving ERHC a free carry? Do these future partners still even want to consider what Peter has to offer after turning him down on the EEZ and Chad!

Think about it, can Peter really "sell" Kenya and find a viable partner after his failing to do so with the EEZ and Chad? How many doors are still open to him after his past contacts with future partners have not panned out ?
Can Peter really find a partner for any of ERHC assets? If so, how long will it take and at what cost?

Will anything good happen between now and the end of the extension (March 14, 2012) or will the share price continue to decline?

The post above is just my humble opinion and may be TOTALly wrong, however you may find some humor in it.

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