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wcamom

08/13/09 2:04 PM

#174160 RE: walldog0 #174158

thought the same thing...maye getting all their duckies lined up in a row (just in case)

petemantx

08/13/09 2:20 PM

#174162 RE: walldog0 #174158

My feelings exactly. I can see no reason a regulatory organization would be nitpicking such a tiny entity to this level.

Tamtam

08/13/09 2:41 PM

#174166 RE: walldog0 #174158

Similar feelings here Walldog, somethings cooking that's for sure, I'll send an e-mail to DK and ask the reason why.
tamtam

tryoty

08/13/09 3:15 PM

#174169 RE: walldog0 #174158

These amendments make sense from the standpoint of an entity looking at ERHE and wanting to be sure about the companies rights and obligations. Look at what was added:

Exhibit 10.9 Employment Agreement with James Ledbetter

Exhibit 10.10 May 21, 2001 Memorandum of Agreement made b/w DRSTP and ERHC

Exhibit 10.11 March 15, 2003 Memorandum of Agreement made b/w DRSTP and ERHC

Exhibit 10.12 April 2, 2003 Option Agreement b/w DRSTP and ERHC

Exhibit 10.13 Administrative Agreement b/w Nigeria/DRSTP and ERHC

Exhibit 10.14 Block 2 Participation Agreement March 2, 2006 b/w ERHC, Addax and Sinopec

Exhibit 10.15 Block 2 Participation Agreement August 11, 2004 b/w ERHC and Pioneer

Exhibit 10.16 Block 3 Participation Agreement February 16, 2006 b/w ERHC and Addax

Exhibit 10.17 Block 4 Participation Agreement November 17, 2005 b/w ERHC and Addax

Exhibit 10.18 Block 4 2nd Amendment to Participation Agreement March 14, 2006

Exhibit 10.19 Block 4 3rd Amendment to Participation Agreement July 14, 2006

The SEC isn't the one demanding these things. The SEC wouldn't know what to ask for. But an entity doing initial DD into the possible takeover of ERHC would need to see these things, and they would know enough to ask for them if they were already a JDZ participant aware of ERHC's history.

;-)

CobraJet

08/13/09 3:16 PM

#174170 RE: walldog0 #174158

wd, if you're correct that a 3rd entity is going over our books that would indicate 2 things--someone's trying to hurt you or someone's doing dd to buy you out.

bwtfdik

ssc

08/13/09 4:16 PM

#174194 RE: walldog0 #174158

Maybe this is happening because they don't want to miss even the slightest, most insignficant item, which would generate 20 questions about it from paranoid, anal, too-much-time-on-their-hands shareholders on their next conference call.

kobiashi2000

08/13/09 4:42 PM

#174196 RE: walldog0 #174158

I think its inevitable that SNP is going to buy us, its just when, after blks 2,3 and 4 are drilled or after they team up with us and drill in our EEZ blocks as well. However, could be a cleanup before a sale.