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Re: idcc2005 post# 12473

Sunday, 10/30/2005 10:10:42 PM

Sunday, October 30, 2005 10:10:42 PM

Post# of 367087
ERHC's pulling out of the US market would leave a lot of unhappy shareholders and ERHC corporate officers. This could also be Exxon's wishes. And Exxon could have the cash to continue to mnipulate the SP of ERHC down to the point that Offor would seek to enter other capital markets or allow for a buy out.

I have to ask why you are so consistently posting this evening what could be Exxon's wishes or desires for ERHC?

I feel that the signed PSC's may not be a decision point for a buy in or other public company decisions for ERHC.

I would say that they have the resources or their JDZ block partners resources to wait until first oil is discovered in the JDZ blocks and then check out how the SP goes up.

If proven reserved exist in large quantities and the SP still apears to be held down then a very real basis for SEC type inquirIes of MMs etc. would exist.

And it would be a part responsibility of stock holders to see that such investigations do occur.

Even companies as large and powerful as Exxon are not immune from investigations and prosecutions.

FOR THE PRESNT, LET'S CONTINUE TO FOCUS ON THE POSITIVES OF THE JDZ BLOCK AWARDS AND THE PARTNERSHIPS WITH PIONEER AND ADDAX.
Volume:
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