Replies to post #174033 on ERHC Energy Inc (ERHE)

[walldog0]

I agree with you, because a "contract" cannot be...

written in such a way that it requires the breaking of the law. You can go to jail for not abiding by SEC Regulations of full, fair, timely and equal disclosure.

....So how can an Agreement, force ERHE's executives into breaking the law. SEC rules trump, that aspect of the agreement.

[Spec29]

You're very close...

ERHC's responsibility under accounting standards is to announce the drilling of its first well. The exact date of spudding is not a requirement. Way too many variables when it comes to deepwater drilling and it is beyond the scope of the standards.

I believe they'll want to announce drilling from the tree tops but moreso because of promotional reasons and not SEC regs.

Edit: It's actually accounting regs and not SEC regs.