ERHC Energy Inc (ERHE)

[midtieroil]

Two companies moving in opposite directions. Perhaps some remember Camac. Unlike ERHC they were able to get into a marginal field in Nigera and did a great job of upping production through drilling. Unlike ERHC, they were able to get 4 blocks in Kenya instead of just one. Actually they gave up the block ERHC got because they believed it to be far less prospective than their other blocks and didn't want to waste money on that one. Otherwise ERHC wouldn't even have a block in Kenya. Camac just did a reverse split and changed their name to Erin Energy to attract institutional investors and the stock has been skyrocketing ever since. And all of this despite lower oil prices.

Camac is based just down the street from ERHC in Houston and has a lot of Nigerian managers who actually know what they are doing. Take a look at the comparison chart with the link below. Selling ERHC and buying Camac(Now Erin:Symbol ERN) was a smart move. BTW Erin also has blocks in Gambia and Ghana and ALL of these blocks were obtained in the time frame when ERHC could only got one in Kenya and one in Chad. Nice to see a good looking chart for a change, isn't it? ERN hit a 52 week high today.

http://www.nasdaq.com/symbol/ern/stock-chart?intraday=off&timeframe=6m&splits=off&earnings=off&movingaverage=None&lowerstudy=volume&comparison=on&index=&drilldown=off&symbol=ERHE