Replies to post #338902 on ERHC Energy Inc (ERHE)

[Krombacher]

If ERHC has only has a couple of properties, EEZ Block 4 and its blocks in the JDZ...

...and we KNOW for a fact that Total has interest in both EEZ block 4 and has those JDZ blocks (blocks 7 and 8) not owned by ERHC, which are all adjacent to ERHC's blocks...

...and we know that since Total's interest in the EEZ in 2017 there has been NEW seismic done on ERHC's blocks in the JDZ per the "highly confidential" but publicly available (LOL) presentation.

Who paid for this new seismic in the JDZ, which is BOTH 2D AND 3D??? Was it Total? 3D seismic over vast JDZ blocks ain't cheap!

https://static1.squarespace.com/static/5a58ca99e9bfdf9f706cb461/t/5ced47a9e2c48312f1bfab85/1559054263755/5+ERCH+Peter+Ntephe.pdf

That same document tells us that since 2017 there have been NEW PSC's in place in the JDZ as well...

For example, Block 2 - a new PSC in 2017

You simply don't do all of that if you're going bankrupt...

...it's pretty obvious that Total would be interested in all of ERHC's deepwater blocks...

...and the EASIEST way to pick up all those assets is simply to pick up all of ERHC with TOT shares.

Krombacher

[Krombacher]

And OF COURSE the company is severely undervalued.

Even the shortest of the shorts would admit that a publicly traded shell company with NOTHING in it is worth more than ERHC is.

ERHC has nearly vaporized most if not all of its debt including the IRS lien...

...and it has all of this going for it...

...so looking at the share price and saying "ERHC is doomed" is a BIG MISTAKE.

One has to spend the time and look at the 400 page documents and the link I just posted and not be lazy about it and rely on the share price as the sole source of due diligence.

That sort of laziness will cause short sellers to lose their shirts.

Krombacher