ERHC Energy Inc (ERHE)

[midtieroil]

How do you figure ERHC is worth that much? If Kenya has no oil shows the block will be worth little. The other EEZ block is probably worth no more than 4 million like the first one they sold. Nobody seems at all interested in Chad or the JDZ even after years of trying even with higher oil prices. There is an unfunded IRS liability and there is no telling how much ERHC now owes CEPSA for their share of Tarach.

I struggle to find any value for this company if this well has no oil shows. The proceeds of any property sale will likely go to the IRS and CEPSA. Not to shareholders. There is a reason ERHC is trading where it is.