Replies to post #24486 on ERHC Energy Inc (ERHE)

[Hdotmycom]

Thinking it would have to be a HIGH price to take it so early in the process.

10B+ perhaps.

[Denval3]

That actually makes sense when I think about. Whether we like it or not Chevron, like Exxon, may not want to be partnered directly with ERHE, buying the oil (or paying ERHE for the portion in Block 2 solves that problem. What I don't know is if the technology exists to monitor what amount belongs where.
It also gets ERHE cash flow much eariler than expected.

Dennis

[Meridian]

Got the news from a reporter who travelled with CVX to Sao tome. I really do not know who they are talking to.

Have not heard anything of a possible acquisition.