Replies to post #112044 on ERHC Energy Inc (ERHE)

[stocks2rise]

Looks like he got Chevron and Xom mixed up. Xom is the one that bailed.

[oil-cowboy]

Ok, so little ERHE fought off the big dogs, battered but not beaten. Survived all this with rights intact and oil reaching 100$. Whats the next move? How does EO expect to get the value of this company to reflect its assets? Surely not the way we are right now. I think EO knows his giving up majority control will bring the institutional investors needed to prop this company to where it should be. Hopefully there is enough pressure from the Nigerian side to cash out and move on to another puddle.

I don't mind the waiting, just don't like to do it blindfolded.

[Art2004]

Interestng post by Joe Shea. Hopefully, his description of the failed efforts of the SEC and DOJ to come up with evidence about ERHC/Offor are accurate. A slight mixup at the end between Chevron and Exxon. HOWVER, JOE SURE SOUNDS LIKE AN ERHE SHAREHOLDER!! LOL

[Nightdaytrader]

"Chevron could not afford ERHC's buyout price"

Interesting. If true, I wonder what the asking price and bid price were?

ND9
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From RubyMartin's post of Joe Shea blog "Chevron wanted to develop the entire JDZ field with ExxonMobil, thus saving substantially on forward costs, but could not afford ERHC Energy's buyout price and could not get politicians from either Sao Tome or Nigeria to force the tiny firm to give up its rights, despite help from the U.S. Government and a thinly-veiled attack authored by an oil company ally and released through the Attorney General of Sao Tome and Principe"