Replies to post #72973 on ERHC Energy Inc (ERHE)

[brez63]

Tryoty, how do you force a Major to pay what ERHE their worth....Simple, one word....competition.

There exists on 3 options;

1) ERHE grows into an Oil company;
2) ERHE gets bought out by an international company (Chinese, Dutch etc)
3) ERHE gets bought out by an American company.

The term 'bought out' is a liberal term and you can substitute "buy in".

If ERHE is good enought for CVX to buy, it is good enought for SNP to buy. Now I ask you, who is hungrier for resources? I think the Chinese, are more threaten then the Americans. Therefore...competition, got to love capitalism!

Brez

[balance_builder]

Try...and already pumping over 100K barrels per day elsewhere.

Oil co's recognize the significance of PSC's IMHO. ERHC exists and they know it. XOM is playing low profile but perhaps they sub with CVX's sub merge and do the taking in a joint effort. Just a suggestion....not even a rumor to support.

[Art2004]

troty, I don't think Chevron ever opined about ERHC, only Exxon-Mobil.

Once proven reserves are established in ERHC percentage blocks, attractive offers could come from a number of companies.