Replies to post #2828 on ERHC Energy Inc (ERHE)

[mabenn1]

rjc2827 -- I'm sure many will argue with me on this, but I do not think our value really increases much beyond our preferential rights in any event.

Consider that ERHC and its partners have bid on certain blocks. ERHC will get its preferential rights off the top. We have always presumed that ERHC's exploration costs will be carried by its partners. I maintain this was the principal motivation behind the partnership agreements to begin with. It is clear that ERHC has no cash to finance it's own way, and would have had to borrow vast sums of money or sisue a hundred million shares or more of additional stock. Actually I have always beleived we would have to give up part of our preferential percentages to our partners in return for geting carried, I have since come to believe from what I have heard through the 'grapevice" that we may in fact get a "free" carry from our partners. Meaning we will not have to give up anything, and our partners feel that just having the chance to play and ride Offor's coat tails is worth paying ERHC's share of the exploration costs. (Balance Builder - may apologies to you if this actually turns out to be the case!)

So we get a free carry from our partners, now the signature bonus needs to be paid for the remainder of the percentabge awarded to ERHC and partner. What do we use to pay the signature bonus and what do we use to pay for the additional share of the exploration costs? I just don't see ERHC getting some huge windfall from winning operatorships with their partners.