Replies to post #28333 on ERHC Energy Inc (ERHE)

[Platina]

Hat off to you Balance - GREAT work......keep'em coming :)

[rheddle]

Like the thinking Balance Builder

[G-OiL-D]

If the find in BL1 extends into BL2, like most of us believe, ERHC automatically gets a portion of the action of BL1.
Under the same agreement, CVX automatically gets a portion of the winnings in BL2. It makes sense to me, like Meridian said, that CVX hasn't talked to ERHC. They don't need to at this time. jmwag

[Hdotmycom]

Balance - much like Hijodeperu - let's not forget the origins of the personage in our wonder at the work/info (aggreeing with u her e- but pointing out similarities to JOE).

Don't forget the FCPA red herring thrown around AT FIRST - a good memory goes a long way towards rectifying disparate information.

YES - no proof - but a CVX (or cvx-big company LIKE) approach to muddy the waters while gaining advantage makes lots of sense - also perhaps setting up shareholders for a sudden 'surprise' to get a reversal and disgorgement if they want to suck up more shares.

[vip1999]

BB, I elect your post, Post of the day! I can see smokes coming out of your head with that kind of thinking power.

One thing is very obvious about this whole thing, Nigeria wants the deal finalized because the delay is hurting the real revenue(oil production).

second, Bigger players are in the picture now. Letting block 1(CVX and XOM) drill first was, IMO, no accident. Big boy want to take a first peek to see if there are oil underneath them fields. Since the result are reported weekly... When Nigeria and STP knows what the status is, the allocation games begin.

Third, Why did the U.S. mid-tier companies join into the bidding for round 2 when the majors are not willing to bid for the other blocks and later took off without clear reasons. Were they even planted there to begin with and walk out one by one to "try to" reck the rights of each blocks? Their replacement COINCIDENTALLY are all non-U.S. Companies?

I must say, that as stories are getting harder and harder to guess and bigger player enter the scene. IMO, the conclusion is near and as a long in ERHE, I am glad it has come to end of yet another chapter of the great ERHE saga. let the games continue