ERHC Energy Inc (ERHE)

[midtieroil]

If you recall, the biggest news from the recent ERHC shareholder update was that ERHC was reviewing their assets to see which to keep and which to dump. Below is the quote in case you missed it. It appears ERHC is once again abandoning a failed strategy for another bad strategy that is sure to fail. How many failed strategies have there been now by Ntephe? Non operator failed, marginal field failed, operator who would drill on their own failed. Diversification failed. JDZ model failed. Ntephe hasn't a clue. They should have bought producing properties years ago to pay overhead and help pay for exploration. I have said that all along. This company has desperately needed competent management for years and they still do. Here's the quote.

As a result, the Company is carrying out a comprehensive review of its legacy exploration assets with a view to deciding, on an asset-by-asset basis, the feasibility and desirability of retention within the new strategic focus. This review covers of course Kenya Block 11A, Chad Block BDS 2008 and the Gulf of Guinea interests.