ERHC Energy Inc (ERHE)

[oilman57]

Its very simple why the stock is struggling a bit today. There are not enough new buyers of the stock.

A big strike in Block 1 will bring in new buyers. Signed PSC's on their own will not. Especially when they are followed by a lame PR.

Signed pieces of paper does not excite the investment community. Oil finds do.

BTW I expect ERHC to issue a revised PR more in line with what we were expecting after Conoil, signs or doesnt sign and after all parties pay their signature bonuses to the JDA. Percentages still might change based on these factors so that might be the reason for the lack of information in Friday's PR. At least thats what I hope.