ERHC Energy Inc (ERHE)

[badog]

Krom.....you say:

Are you about to abandon yet another block and probably end up destroying your career in the process? You are in charge of heading up CEPSA KENYA not CEPSA some other country.

You screw this up, and it's pretty much the end of your career.

But I don't think the people at CEPSA are dumb. They may be conservative, but they are not dumb.


Ya know Krom....I don't disagree with you here. It gives the appearance that CEPSA may like ERHC's block better...at least for now. As long as CEPSA is still on board I will assume that they are still interested. I give zero credibility to any statement that the siesmic results look encouraging. I've heard this too many times from those that have a vested interest in saying such things...whether they believe it or not. CEPSA's continued interest is all I will attach any credibility to...and for now, they appear to still be interested.

It's funny though...I don't know how many times I used your career ending psychology in relation to SNP in the JDZ. Who at SNP...after just blowing a huge amount of money drilling non-commercial holes...would want to put their career on the line by drilling more? There were many who just couldn't accept that idea. It's called being married to your investment.

Again...you could be dead on, thinking that CEPSA chose the best of two assets. The issue I see is that if they needed so much more time to analyze the other prospect....how long will they take to analyze this one. The longer they take...the more our asset will be questioned as if they are not sure what to do. CEPSA could be very excited...but the market will not see it that way if their study is extended too long.

Congratulations to those that bought shares in the .04 range. But it wouldn't surprise me to see those same investors/traders take their profits in the near term without further positive news. They will continue to tell others how great the future looks...until they get their shares unloaded. IMHO this is still a trading stock...and those that don't understand the trading psychology...those that get caught blindly drinking the kool-aide provided by others...will continue to take the hits. On the other hand....If this all works out then there is nothing to worry about.

Just my thoughts.

Badog