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Curious62

04/20/10 5:21 PM

#210511 RE: farrell90 #210509

I don't know any more than anyone else on this board. I think, however, prudent (Chinese) management would: 1) update the geophysical model with "real" data as I suggested, 2) keep results secret for their own competitive advantage, 3) if prospective (for oil or BIG gas), attempt to take over ERHC for less than potential risked value of ERHC's proportionate interest, 4) if unable to strike favorable price, continue to carry ERHC in wells preferentially targeting oil, while 5) aggressively seeking to dominate area via leasing and potential acquisitions, 6) pursue development plans only after thorough exploration of area, 7) force sale of ERHC through limiting their access to proprietary development facilities or requiring company to "pony-up" for development faciiities, while 8) being unconcerned what USA shareholders, care, think or want. This is not a win-win game, this is real $$ business. They are very good at this.

Financing for the Chinese?? They are the world's financier.