Replies to post #238655 on ERHC Energy Inc (ERHE)

[stocks2rise]

Just the fact that Sinopec does not want the results released would stop the AIM listing as it includes the NSAI report which would release what was found. Until Sinopec agrees to releasing the info nothing can happen with this company. They cannot buy another company because the bank would not know what the company's net worth would be. ETC ETC ETC. I can only speculate that they want to squash any hope from their partner companies so they can buy them out cheap. The only way to stop them is if the JDA puts a stop to their stonewalling and makes them put up or get out. Period. At this point I would prefer them to get out and let Total take over. At least we would not be in the black hole anymore.

[vineseeker2]

Doc, my suspecion is that SNP is still not ready for the well results to be released. The new NSAI report is all about the drilling results. The AIM listing cannot be completed without the new NSAI. When SNP backed off on releasing the well results in September ERHE had to back off on the NSAI and the AIM listing or risk pissing SNP off. PN would rather disapoint us than SNP - and I would bet SEO has already seen the results, from what ever source, ERHE, SNP, JDZ from where ever it came, he knows. Legally, he can be kept informed as a major stockholder as long as he follows the rules about what he does with the information. If he is given this non-public info he can't trade either buying or selling.

[TOB]

Anything else?

Anybody?

Suitcases of money and being barred from the UK?

Open investigations in the US?

Share price collapsing 75% ?

[midtieroil]

In order to get on the AIM you have to file a Competent Persons Report. Included in that report is a section which values the assets of the company. In the case of ERHE that something is the NSAI report. It is my opinion that ERHE cannot or will not submit that report to the AIM to get their listing because it contains the drilling information that the operator, SNP, says they cannot release. Hence the delay in getting on the AIM. Releasing the NSAI report or the Competent Persons report is the equivalent of releasing drilling results.