Replies to post #76175 on ERHC Energy Inc (ERHE)

[brez63]

I think we are all missing the point here. Companies looking at buying ERHE don't care what future endeavours ERHE or SEO may aspire to. They are simply looking at the "pile of wood and wooded acreage" that ERHE owns and has future rights to. They do not care that a large shareholder wants to build log cabins or telephone poles, they want that "pile of wood".

Therefore, whether or not SEO wants to build "a real oil" company, is inconsequential to SNP, ONGC or even CVX. They want the oil barrels that lay in ERHEs acreage and future acreage. A charismatic leader (SEO) does his best at getting the most acreage for the ERHE, he did and now WE DO. The barrels of proven oil are worth between $10-$14 with or without SEO.

I find all these post on whether SEO is or is not good for ERHE pretty annoying. We got what we have because of SEO and we will get what we'll get because of the market value of what the others will find for us. End of story.

Brez

[balance_builder]

ibready...deals are done. PSC's are signed. Carry deal has been inked.

Prove up the oil now.....and that unreached asking price will be met at a much higher level than it is now if oil rumors in the blocks are true.

[tryoty]

ibready, "let a real oil company reach the level of control that would justify their risk."

That's EXACTLY what we have NOW. Think about it. Who's "effectively" the management of ERHE's near-mid term future?

Who's in control? Sinopec, Addax, and Anadarko.

Who's taking the risk? Sinopec, Addax, and Anadarko.

Who's calling every shots on every decision that faces each consortium for the next 3-5 years? Sinopec, Addax, and Anadarko.

ERHE has internationally successful management teams calling the shots in all three of it's blocks. Can't you understand that?

Look at it this way, the entire executive management team of Exxon could join ERHE and NOTHING WOULD CHANGE. ERHC Energy does not have operatorship in any of its blocks and no matter who is at the helm IT DOESN'T MATTER.

Sinopec, Addax, and Anadarko will call the shots. Period. End of story.

The board space wasted on this attack on Offor is astounding. Something is DEFINATELY up.

My shares aren't going anywhere.

[balance_builder]

Ibready....you made this comment a few months ago and I like it:

"I believe that Offor would be much richer a lot sooner if he would participate in a buy-in that would let a real oil company reach the level of control that would justify their risk."