Replies to post #66353 on ERHC Energy Inc (ERHE)

[Nightdaytrader]

Red,

Could the US Congress step in and prevent the Chinese from buying a piece or all of ERHC (like Unocal)?

I realize that unlike Unocal, ERHC only has a few employees but ERHC could be sitting on top of billions of barrels of oil so I'm just wondering........

thanks,
ND9

[RUBY1100]

Red great to see your continued support over the years.

If nothing else a 4 year chart screams of another run to north of $0.75

There are many possibilities here to give us some real positive news in the short term.

Especially the CVX news which the JDA want out there as the low ball numbers are costing them millions in on going and subsequent FRN bid rounds

A Buy in - new hires - a break in the DoJ case - talk of CVX and ER in shared deal for BL 1,2

Once the case leans our way in which some posters have indicated - it should clear the way for a better 2nd half of 2006

We are clearly oversold and the small VOL says the insiders and large shareholders are holding just not buying either and sadly we didn't reach that new buying audience you spoke of which we needed with contracts.

The OTC BB has hurt us along with our Nigerian ownership persona

The blame for that must lie with EO as WB was only around a short while prior to contracts.

I do believe EO cares about the pps and feels the right price offered to him could be enough for him make a deal for some part of our many rights.

He is a business man first and foremost and consider this there is far too much political uncertainty going forward in the US STP and Nigeria

His buddy the VP could also be in some hot water just before a major election. If the VP is out and Menezes gets the boot our uphill battles and roadblocks could countine and perhaps EO is seeking to do other projects with Chrome and getting some fast ER money could be the ticket to do this.

This stock story has always been crazy, always been a longshot and us long timers I for one want to be on the train when the engine starts roaring

Hoping sooner than later

Remember sometimes Longshots do come in

R

[Gran Habano]

As I think that everyone knows that has been on this board for awhile, the Chinese have been paying higher prices for developed and undeveloped world oil properties than U.S. firms. A U.S. geologist friend of mine that works for a U.S. major says that they can't "pencil out" anything near what the Chinese have been offering for properties around the world.

IMO, the table is set for further involvement in the JDZ and possibly ERHE, from public comments by the Chinese on their intentions in Africa, their disappointment in their proposed acquisition (Unocal, I believe) and what they intend to do now (build more slowly), their involvement with ERHE in the JDZ, etc. It's just a matter of time..............

Gran

[walldog0]

Red...until ERHE drills, and gets proven....

reserves, how can we really put a price on a buyin/out?...even at $2 a share your talking nearly a couple of billion $$$$.

And EO is not going to take $2,imo....so even China is going to have to offer, say $5-10 billion for ERHE, to even get EO's attention.

I will rest my case, but I think talk of a buyin/out is just not going to happen until drilling occurs and proven reserves are booked.

All this speculation about somebody buying ERHE only hurts the shares price, when it doesn't happen, and we have been talking about it for 4 years now.

If EO sells ERHE, I'll admit I'm wrong.