Replies to post #214692 on ERHC Energy Inc (ERHE)

[deadeyeca]

Perhaps management has learned that investigations are contrary to shareholder value. And all news comments, releases, etc are highly filtered by the lawyers to avoid a repeat. Only say what SNP says to say to keep out of trouble. Not too many CEOs/PR firms would comment about another company anyway. If you want to know about EEL, ask EEL not Ntephe.

Deadeye

[dat_51or]

Can someone repost the EEL report? Since it's been the subject of much discussion, it might be useful to review it again.
Thanks much!
dat

[hetherb]

It appears (again) to be number 1. incompetence. they can't even be consistent on annual share holder meeting slides that talk about what everyone is waiting for - drilling results. so they say gas on one slide and methane gas on the other, causing tons of confusion in the process. they should come out and discuss the implications of the dana gas and EEL reports, all public information already. but they won't.

[Jim Long]

Krom, What I am about to say is not intended to get into a contest with anyone. If any of your postulations is correct, and there is some evidence that points to them being so, then why isn't a class action lawsuit being proposed? Officers and BOD can be sued for dereliction of duties. When one does not correct incompetence then the cause "to improve shareholder value" has been, to some degree, deserted, i.e. abandoned. If proability information is available to others but not being reported to ERHE because any or all of BOD/Officers are withholding it due to the majority stockholder's wish, whether an individual or a collection of individuals; then we are dealing with illegal activities. Class action lawsuit and/or a suit brought by the SEC would be in order here.

Now what I am hearing as shareholders' concern is that if ERHE can make it to the AIM then American legal proctection is diluted and the profit opportunity could evaporate if intentional mismanagement or incompetence is ignored by BOD/majority stockholder(s). However, if ERHE is tied up in an American lawsuit because the sharholders want all available drilling and seismic information/data, including probability assignments, and have been deprived of same, then the AIM endeavors may be brought to a screeching halt as it would be unclear as to what a court may order SEO and/or ERHE to do going forward in order to provide that info/data and potentially enhance shareholder protection and/or provide much needed assist regarding making a decision as to voting for or against an AIM listing. Maybe someone is already sitting on "GO" in the event the AIM listing is pursued. If not then consultation with a stellar law firm should be in the cards and NOW.

What I still wrestle with is the fact that ERHE has retained one of the best law firms in the world. Before Hunton & Williams there was Akin Gump, another world class firm. Neither would advise ERHE to even come close to doing something remotely outside the law or break any regulatory rules. Going a step further, I think H&W is reviewing all of ERHE's strategies and going forward initiatives. I do not understand why H&W would give an approval nod for any ERHE decision if it be tainted. H&W does not need our meager dollars that badly.

So what is the proposed action plan to make ERHE so uncomfortable that the information begins to flow and shareholders feel more comfortable? (Not a question to you specifically but to the whole board.) The threat of federal agents coming through the doors again may make someone wake up.

Jim

[midtieroil]

I would like to think that there is one more reason that would refrain from telling us what they could about the drilling results so far. That would be for strategic reasons. But if that is the case, why don't they just come right out and say that. It might rankle the JDA, the Chinese or someone else, but who cares. At least it would be the truth for a change and they would not be divulging anything that is not allowed.

This BS about not being able to release results because the operator won't allow it is getting old. Other companies are releasing more info than ERHE despite ERHE's false statement that says otherwise.