Replies to post #170220 on ERHC Energy Inc (ERHE)

[vip1999]

I agreed, if nothing else, they would rather blow-up the numbers than keeping it down. There are so many way they can play this than to keep it under the lid... What do they think they can keep the worker's mouth shut? Ok, maybe they are not the "big-picture" type but what about their supervisor's and people that are up the chain... Are they really going to keep quiet while their company is gobbling up shares in the region?

I would probably more worry about they blow up the numbers and get someone to buy them out at a much higher prices.

[petemantx]

Goes back to my posting 170089 in which I asked who determines the results of a well and why the results could not be skewed to reflect whatever the operator wants them to reflect?

As one with no knowledge of oil patch workings, who sees the logs so as to be able to analyze them outside the operator?
I know all JV's and the JDA share results but does this mean the actual logs so they could have their own people interpret the results? Is technology such that 3 or 4 different analysts would all arrive at nearly identical results for a well or field from the same logging data? What if operator gives one set of numbers for a well and JV member reads them far differently? Why couldn't operator downplay results until after EEZ bidding and then drill another well and say something like " this new well greatly increases the block's holdings and our new reserve estimate is double or triple what we thought just a few months ago?

I am hoping for answers that show this type of deception is not possible due to various checks and balances in the analyzing process by the different parties involved.
Not trying to be paranoid, but with the monies involved can't overlook any angle that could be worked to add multi-millions to the bottom line of the operator.

[emdyal]

You miss the point , its a matter of timing ! They can run their share price up any time they wish if they strike oil but in the mean time don't expect the Chinese to be forthcoming in terms of their drill results !!!! They will do it on their schedule and not on what we might expect to be expedient for ERHE !