Replies to post #294908 on ERHC Energy Inc (ERHE)

[bmu]

This is exactly how they announced our now partner in Kenya.
Suddenly, hardly, Pete's been say Erhc has interested parties
looking at the EEZ for sometime now.

[oil-cowboy]

"apparently fortunate for ERHE, that I question the validity of it,"

Lol..... Too funny.

[oil-cowboy]

"and no mention of money."

Actually, Peter has pledged 100 million sometime ago. :-)

This deals been in the works for some time.

Spin it any way you want, this is amazing news for any long here. Nobody expected anything from our deepwater assets. Just puts more meat on the company's assets.

Chad 200 mil+, Kenya higher than chad IMO, EEZ in play..... Looking good for the minnow!

[Julius Erving]

Condor1,

Many articles talk about big boys scooping up little distressed companies, because the prices are attractive.

That is the reason for the current interest in our EEZ blocks.

It's not an assumption, but a fact that the price of oil will go up again. The Shell's of this world don't mind when that is going to happen: short term or medium term.

Do you understand why there is a takeover interest in TULLOW these days, for example?

So you suggestion is absolute nonsense. Truly absurd, with al respect. Also, I think Deloitte Corporate Finance has something to do with it.

It's important to keep in touch with reality. Scavengers are flying around these days in the oil business.