Honestly,
I am sick and tired of waiting with this stock. I think everyone is. The level of patience that this stock has required of its investors has been nearly a decade for most and greater than a decade for some.
I think what happened yesterday had everything to do with getting fed up for having to wait it out some more, especially if that wait was a result of any other scenario other than drilling. All the other scenarios have real possibility, and that's enough to scare some folks. That's the circumstances that we're in and we shouldn't run around shooting the messenger.
I don't think any of the other scenarios will really come to pass. I believe CEPSA left Swala because they like ERHE more. I believe the fact that CEPSA had two seismic teams means they are committed and have enough data to not have to do 3D or to get an extension. I think they're going to say drill. In fact, I strongly believe that that's exactly what they said to Kenya...and I believe that based on all the little pieces of information here and there that I've learned about ERHC over the years, especially in Kenya.
The word "drilling" will certainly bring comfort as the share price will surely rise, and even if people don't sell into that rally and finally book some profits, it will still feel good...because then investors can sit back and finally enjoy the ride.
I want them to say drilling. I've really had enough of the waiting. But I also know, too, that if they don't say drilling, I will still hold and continue to wait. Maybe in the long run, if any of the other scenarios happen, the extra wait will be worth it.
But, man am I so sick of waiting.
ERHC and CESPA, for the love of all that is good...just say drill.
Krombacher
