Replies to post #12416 on ERHC Energy Inc (ERHE)

[Art2004]

I feel that Addax will be a stronger and more cooperative partner than Noble. Politically, I think that Nigeria will be definite in demanding that Addax be approved.

The Addax website shows that they have been able to achieve large amounts of oil production out of blocks that the majors were unable or unwilling to actualize.

I expect a much stronger PR position from Addax on this deal with mention of ERHC than either Pioneer or Noble has done. This could encourage Eupopean money to invest in ERHC as well.

I think that Exxon and Anadarko are "done" in Block 4. Apparently, they have no Nigerian support at all and Nigeria is the senior partner of the JDZ.

Acccording to recent Homeport posts Pres. Menezes appears to be getting stronger and forming more effective alliances for the coming elections,
Unless he wants to do damage to his relations withj Nigeria, he will probably approve the Addax entry into Block 4.

I expect Addax will be willing to fast track its exploration of block 4. For Addax it would make a trmendous difference to their oil reserves and future production and they apparently have a good working relationship with Norwegian rig companies.

Persoanlly I feel Addax is a better and more cooperative ERHC and Nigerian fit.

I expect the price to go up shortly, except for the factors of SP manipulalion by whomever.

[stockhocker]

It's been posted here by many that ERHC was very quick to secure a new partner. While it may seem that way on the surface, such deals don't occur overnight, whether that be Noble withdrawing or ERHC securing a new partner. Obviously, both moves have been at work for months.

I wonder if the dreadful shareprice we've seen could be the result of a longstanding, inside knowledge that Noble was on the rocks, from the day awards were announced. I wonder if they have been threatening to withdraw from the very moment they learned about the indy percentages, knowing these participants would be nothing more than dead weight.

It could be they (Noble) have been trying to get the JDA to drop the locals and when that didn't happen and it became time to sign, they wouldn't pick up the pen.

Certainly we did not go out and secure a new partner in 4 days. I'm guessing insiders have known for months that Noble was not happy, and I am guessing that this has put a damper on things. Perhaps the "official" knowledge of the w/d and securing of the new partner has bumped us up a little.

As you know this stock moves little by what the average Joe (no pun) knows. It is rather the "insiders" that drive this thing and perhaps those insiders feel better about our new partner than they have about Noble, post awards.

Never a dull month with this one.