ERHC Energy Inc (ERHE)

[midtieroil]

Honestly I don't think ERHC can have the same success in Kenya as Africa Oil. AO has multiple wells in multiple blocks with multiple partners. ERHC has one.

There are no wells to be drilled in the EEZ in the first exploration period which lasts 4 years. That is a long way off.

And Chad has gross before farmout of only 200 million and only two prospects.

I think ERHC can go way up from here but comparing it to AO or the potential ERHC had in the JDZ is apples and oranges. And the scary part for me is the complete dependency on a single well.