Replies to post #294924 on ERHC Energy Inc (ERHE)

[midtieroil]

I might agree with you if the MOU was exclusive but I just don't think anyone would pay for a non-exclusive MOU.

[condor1]

After added thought on this topic, it occurs to me that an even more plausible scenario is that PN was active "shopping" the EEZ around, hyping the prospectivity, and talked to some asset management VP convincing him of the possibilities, throwing 1st right of refusal around, if the IOC would take some interest, no money, no promises noguarantees, in initiating some data gathering on the EEZ block.

In exchange, ERHE gets to put out the PR, generating some buzz, and 3rd party interest.