Replies to post #95583 on ERHC Energy Inc (ERHE)

[tryoty]

Ruby, how do you value them? If ERHE handles those blocks as it did 2, 3, and 4 they will trade off percentages for full carry, so there's no way of knowing how much of its percentages it will retain.

My point wasn't that those blocks have no value, indeed they do, especially the EEZ. But if ERHE is bought out before drilling in 2008 those blocks will not have been finalized. Until the PSC's are signed for those blocks I consider them JDA "promises" only. When the contracts are signed is when they bring their true value to ERHE, and that's more than a few fortnights away, IMO.

I am not saying ERHE will be a 35 cent stock until 2010, far from it. I'm just trying to make the case that wishing for a buyout is the WORST case scenario for us.