ERHC Energy Inc (ERHE)

[balance_builder]

Procon....I was unaware of Addax's $250 million credit line. No doubt about it....that will fund this project thru discovery. Do you have a link for that for future reference?

I can't ride with you on the uncertainty of block 4 causing the selling and bizarre shareprice action. I still say an investment group armed with knowing the timeframes for developments are the contributors for our current sp. Just a theory though.

I'll ride all the way to the bank with you (probably First Inland Bank) on your comment of Nigeria being satisfied with the ADDAX/ERHC team on B-4. I wouldn't be surprised if the JDA/JMC has already given their nod as I can't see a MOU being initiated if the approvers had no interest in this team.

Shareprice....is NITE ready to let go? Will there be enough buying interest to shut him down? I don't believe we see any fall in sp come tomorrow .....and probably some green as we obviously begin to move forward and closer to final contract singing. Warning: The law of averages should be well in my favor for getting something right :o)

I'm going to repost one of your comments from your post as it presents clarity to the current developments IMHO. From Procon:

"Second, I think Nigeria is going to be comgfortable with these two companies as the operator because it fulfills a central goal of their president, which is to develop and strengthen the Nigerian petroleum industry. on the exploration front. They now have two capable companies (we are capable of raising money, and through Chrome Oil Services also of maintaining rigs) with strong Nigerian ties that can arguably be presented as a new Nigerian front in the offshore oil business."