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midtieroil

06/24/17 11:26 PM

#324029 RE: rmilman #324028

You do realize that ERHC owns none of Elcrest, none of Starcrest and none of Eland. How is there going to be profit for ERHC when they have no ownership in OML40?

I think some actually believe one of these companies is going to give away some of their interest in OML40 to ERHC. I don't see any of them doing that since ERHC has nothing to give them in return. ERHC has assets on the books of only about 2.5 million while owing over 13 million. See the problem?

lovemelongtime

06/25/17 1:48 AM

#324032 RE: rmilman #324028

Agree.

nwtf

06/25/17 3:02 AM

#324033 RE: rmilman #324028

When did ERHE acquire drilling equipment?

ps ERHE was never the big boy on the block.