Replies to post #239358 on ERHC Energy Inc (ERHE)

[snayeman]

They like to do these shows to pretend their a real oil company and that they know what their doing, but it's not really working and it's costing us money.

[deadeyeca]

Krom, your question 'So why are they doing this?'

I'll take a wild speculative crack at it. Remember without any guidance and/or knowledge of what the officers and directors are actually doing since nothing is reported I have nothing to go on but speculation. Correct my assumptions if you feel I'm wrong.

When Sam Bass owned the old Environmental Remediation title the company performed oil well remediation. And then found San Tome as a new pioneer development project. Bass actually became a 50% partner in the San Tome National Oil Co. For awhile.

Then Nigeria felt their toes got stepped on. And years and years later Sam Bass was out and Emeka Offer was in. And the STNOC was converted into 10 preferred working interests by some very crafy negotitions. And Offer did his legal filings very well.

ERHE HAS PROVEN has it pretty well nailed that Offer really became the owner of a royalty trust by sitting on the 10 interests without ongoing concern activities.

Memon and Brandhuber were shills simply awaiting drilling in his royalty trust blocks.

Enter the investigations that looked at the rights as potential 'ill gotten gains' from political contacts for Offer. The investigators probably didn't know about the Bass/remediation/STNOC/PWIs pipeline. They just saw lucrative rights show up in the back pocket of Offer. Once the history was disclosed the investigators looked for fresh meat elsewhere.

Another guess is that the way the investigation regulators would acceptably end the inquisition and things remain in status quo is for the new ERHE to 'look' like a real company. Hence, the dog and pony shows, the overpromise and underdeliver shareholder updates, the ill conceived MOUs for Eramor and Welltest, the yack and lack of performance on marginal fields, the failed AIM listing. All attempts to show a legal ongoing concern status to satisfy regulators yet maintaining the current status quo.

And that status quo is Offer owning PWI's in 10 lucrative blocks in a gas/condensate/oil Gulf of Guinea.

And then the Schrull drilling came up less than Jedd Clampett shotgun blast results and now we're all waiting on the courage of someone to say 'I'll spend a boatload for more drilling.'

So, the company is a royalty trust, sitting on oil rights, and pretending to be a company with goodwill, operations, employees and ringing telephones while the real intent is to wait for JDZ/EEZ oil to flow.

Anyone wanna chime in?

Deadeye

[vineseeker2]

ERHC has been one of the top sponsors at many of the conferences they attend gold or platnum level which usually means thousands on top of the booth cost - the booth rent is usually part of the sponsorship, like you say the displays inside the booth must be made of gold themselves, for what the display companies charge for them