Replies to post #223946 on ERHC Energy Inc (ERHE)

[sneak-attack]

mz: To relinquish does not have to mean that they may not have been compensated for relinquishing control! They could fold and the party that takes over maybe purchasing their rights for the drilling expense they have incurred. A lot of factors can come into play as a reason for selling, Such as the capital requirement needed to bring this hydrocarbon play into service as well as the time that will elapse while waiting. This could be to much to bear for a small company. I also might add that a FREE Carry is not without risk as well. As long as the Major players move forward with the project, The carried player get dragged along. Should the Major player decide to stop, The carried player gets nothing. The announcement of phase two is a plus for the carried player and with no announcement thus the share price of the carried player languishes!

Have a Great day
Sneak

[Krombacher]

mz157,

re·lin·quish (r-lngkwsh)
tr.v. re·lin·quished, re·lin·quish·ing, re·lin·quish·es
1. To retire from; give up or abandon.
2. To put aside or desist from (something practiced, professed, or intended).
3. To let go; surrender.
4. To cease holding physically; release

No where does it say above that relinquishing means doing so for free. So your statement of "the smaller players would be selling their rights and not relinquishing them" could read "the smaller players would be selling their rights AND therefore relinquishing them by doing so."

Krombacher