Replies to post #286186 on ERHC Energy Inc (ERHE)

[O Papa O]

Some may not get it. The way I see it is that CEPSA has an option at the end of 2D, FTG.,and if needed or they even want 3D. They can OPT out at any these evaluations and walk away after paying the cost of the above services. If they want to remain and go towards drilling then you will hear about the remainder of the PSC contract details. But you will not get anymore PSC contract details until. This is my take after reading all info available and is also only my opinion for those who want to be negative on anyone else s scenario's, comments, thoughts, and etc. Again only MHO. I also believe others on this board do get it and just decline to post or comment for just reasons.

[tryoty]

There are two things that seem most likely to me...

1.) ERHC has not disclosed any carry agreement for drilling because that agreement won't exist until the FTG and seismic show that there is enough reason to drill.

or

2.) ERHC isn't going to get a drilling carry and will have to pay their share of the drilling cost.

In the first case we will have to wait for seismic analysis to see if there is a follow-on consideration for drilling carry. in the second case we will have to wait to see where ERHC is going to get the money to fund their part of the drilling; the 5 year tight-hole clause for the first well in the JDZ expires this September.

If it's the first case, we will get more information if there is a compelling reason to drill. If it's the second case, we will get more JDZ details that reveal more positive results than previously announced. If it is neither we will see a private placement of enough shares to cover the drilling costs... one well at a time.

IMO, if there was ever a company that was as transparent as some demand, nobody would ever make money owning its stock because everything would be priced into the shares at all times.