Replies to post #36421 on ERHC Energy Inc (ERHE)

[TheDane]

Manti...You mean to say either 20%, or you mean ERHC and consortium as "we"? ERHC does not have 50% of anything.

[walldog0]

Manti...TELL EM.....

1. ERHE IS A CASH COW.

2. A CASH COW IS NEVER SOLD.

3. HOWEVER, NEVER DISCOURAGE BUYERS FROM MAKING OFFERS TO BUY YOUR CASH COW.

4. OFFERS TO BUY YOUR CASH COW, ARE WORTH MORE THAN SELLING YOUR CASH COW.

5. USE YOUR CASH COW AS LEVERAGE, TO BUY OTHER CASH COWS, IF YOU FIND SOMEONE STUPID ENOUGH TO SELL THEIR CASH COW.

6. THE MARKET ALWAY CATCHES UP TO THE VALUE OF YOUR CASH COW....ALWAYS,...NEVER FAILS.

[balance_builder]

Manti..."Let's just say that blocks 1-5 hold 10 billion barrels, and as has been speculated by some much more knowledgeable than myself, most of it lies in b2 and b4, and so call that 6 billion barrels in our blocks. Between blocks 2 3 4 we're entitled to about 50% of that with FREE carry."

If blocks 2,3 and 4 held equal amounts of oil and combined they held 6 billion barrels...we would be entitled to 990 million barrels. Considerable???? Oh yeah...15.6% of the take. Certainly not 50% of the take.

That same amount of oil (990 million barrels) is about what PXD has for proven. A birth into a midsize oil co overnight with no out of pocket costs to develop. Pretty sweet.

mrogop:are you certain that buyin offers would have to be disclosed to shareholders? Seems B. Morgan reported same in one of his articles that the co never said boo about.