Replies to post #196566 on ERHC Energy Inc (ERHE)

[emptynester1]

IMO , I guess we know who our new partners are then --Petrobas.
OFFER doesn't want JDZ results released until he knows his 2 EEZ blocks, then he can negotiate between Sinopec and Petrobas.
IMO OFFER is only interested in getting the most cash for the EEZ blocks, he KNOWS whats in JDZ. He has interest in the SP at this time, he's not selling at .43... The next bunch of EEZ blocks will add value to the company..
The question is will Sinopec and Petrobas be willing to pay a premium for the unknown..
This is where the JDZ results come in, it will confirm the seismic readings and put a real value on ERHE.
And with new cash and position, OFFER can now buy up quality Nigerian properties and build his oil empire..

[jsc52033]

ftc88 With out results PBLS may not be the one willing to be the first to drill They may also have a lower bid price.

TIme is money,but to Nigerians front money exceeds fastdrilling if it is only 6-9 months difference.

I haven't seen a shortage of fuuture rigs as oil dropped back
Maybe I missed something. When is the shortest orthe next timeslot for avialble rigs?

[jcanada]

Is it possible that the sig bonuses are very low becasue of dissapointing results in JDZ and hence may have lost some attention for the EEZ?

[bmu]

Another reason SNP might hold up releasing drilling infro. is their interest in blocks 5, 6,7,8, &9,in the JDZ. Don't want a bidding war for the remaining blocks.