Replies to post #180869 on ERHC Energy Inc (ERHE)

[Krombacher]

I have a few comments on your post there Pete...

1) Of course, as we learned here on this board, if that worker posted the information on this message board first then in that case, he has made it public and therefore is probably not subject to any insider information issues. (per our resident securities lawyer, and so we think).

2) He is off the coast of NIGERIA. So I guess it depends on the insider info laws of Nigeria to tell a friend in the U.S. about their oil findings. Again, that info should be posted here just in case. ;o)

3) If the worker is not an executive, then I guess he can spill the beans...unless he is held to an NDA (non-disclosure agreement), which he probably is.

But then again, I'm fairly certain there will be leaks...and the volume will say it all.

Krombacher

[Strategyone]

pete,

I would tend to agree that as much as all the drill ship companies and the block developers (Sinopec and Addax in this case) would like to keep everything a big hush hush and they do their best to protect against leaks, it would be virtually impossible to control at least "oil has been found" leaks considering the international ties and the amount of potential money that can be gained from trading off this info.

I am fully expecting an obvious volume spike with price appreciation prior to any official company or JDA statement.

With two rigs drilling at the same time, it is almost a guarantee.

Bring on the volume and rumors.....

GLTA