Thanks petemantx and others, for your replies
I'm new here. New investors are what creates buying pressure. Not the same investors adding, although that helps.
I don't feel STP can/should reneg. The fact is, they are trying too. That makes the risk/reward go way up. If the agreements are signed then what would ERHE be valued at? 10x's the current pps?
I'm just trying to get a handle as to why the awards are so favorable to ERHE and STP is balking. It is possible ERHE did much for STP in good faith, but now that its time to pay it appears STP feels that they no longer need ERHE or worse yet that all thats transpired over the years would have happened anyway, ERHE or no ERHE.
When does the little guy EVER win?
ERHE appears to have operated on blind faith with no up-front legal contracts for payment of services rendered. ERHE gambled on STP's good faith? (a handshake and a verbal agreement?)
The only good card ERHE can play now is possibly tieing up the awards for years in some court. If they can do this maybe STP will sign so they can start to enjoy the signing bonuses they've already received.
STP is going to get 50% tax on all oil rev's anyway - They should sign today and get the drillers to spud ASAP
Why doesn't XOM just buy the little fish ERHE for 1.00/share and be done with it?
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