Replies to post #348160 on ERHC Energy Inc (ERHE)

[Strategyone]

Thanks Kingpindg. Great so drilling will be going on in the block next to EHRC's. Maybe 2022 will be the year of revival....

[ajaxxx_99]

could they have sold the interest without public notice? I mean no SEC filings, so why not an underhanded sale? Is it possible?

[Nightdaytrader]

I believe erhc still also has the rights/option for 15% of two eez blocks…. Plus some future consideration, should oil be found, for kosmos eez block 11 sale, now shell.

[ponzi_implosion]

ERHE BVI (British Virgin Island) owns the rights and as
of the last filing of 4 years ago ERHE owned ERHE BVI. That being said a lot could have happened in 4 years.

The management and share structure of the BVI entity has always been opaque to the common shareholders of ERHE. It would be a simple thing to transfer control of ERHE BVI by selling the majority of the BVI company to a third party. If the rights remained with ERHE BVI and the ownership of the BVI company changed but the entity remained, there might not be any notice to / from São Tomé. Heck the BVI company could have a share structure with voting and non voting shares from the beginning. Who knows how the compensation structure is set up and if PN / SO are paid by the BVI company and / or if they own shares in it.

In any event it would be my guess that the common shareholders of ERHE are at the bottom of any deal.