Replies to post #307685 on ERHC Energy Inc (ERHE)

[KSEAVER]

Hey Krom, what's your prediction on pre-drilling ..??

[ssc]

Another absurd "speculation" soon to be proven wrong imo:

I can only conclude that they (ERHC) may very well pay off the remaining CDs before they convert

[pand2015]

ERHE-with cash 1'500'000 they could pay off
the last one: easily.
My personal idea (call it my personal speculation)
is that they kept the cash at Erhe's home to
have a stronger point in case of the deal/investment.
So, maybe the rumor is only a rumor but must be
a reason for each & every steps the Management did.
they exactly know where they wanna arrive and they will
for them and for Erhe.

Also think (another spec of mine) that the investment in
OER is important as Oando is a drilling company
Speculation for speculation, I love mines :)

Good morning Erhe-

only my ideas for myself -
everyone must do a DD

[pand2015]

ERHE- Hi Krom- do you see what I mean ?

March 31,2015 September 30,2014
ASSETS
Current assets:
Cash and cash equivalents $1,496,658 $2,182,406
Investment in Oando Energy Resources 430,656 671,402
(decrease in shares value)
Deferred debt origination cost – short term 141,905 147,079
Prepaid expenses and other 248,306 246,922
Oil and gas concession fees 6,052,528 6,006,235
Furniture and equipment, 170,178 206,273
Deferred debt origination cost – LT 26,373 43,755
Income tax receivable 2,018,533 2,018,533
Prepaid expenses – long term 57,000 172,433
----------------- ------------
Total assets $10,642,137 $11,695,038


LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable and accrued liabilities $95,827 $379,639
Convertible note payable,
net of discount – short term 473,979 625,533
Derivative liability – short term 589,595 751,404
Convertible note payable, net of discount –
long term 35,554 38,076
Derivative liability – long term 125,710 270,538
------------- ------------
Total liabilities 1,320,665 2,065,190

[ssc]

Another absurd "speculation" soon to be proven wrong imo:

I can only conclude that they (ERHC) may very well pay off the remaining CDs before they convert