ERHC Energy Inc (ERHE)

[maestro224]

I think the gas is worthless

I sure wouldn't build it into any of my projections. In a lot of places gas is more of a hinderance than a benefit. Given their druthers they would probably rather flare it than anything else. However the environmentalists frown on that. It can be reinjected to help increase oil production but that takes a huge investment in injection and compression equipment. To market it in Africa or to liquify it on land you need a pipeline all the way to shore and then a liquification plant on land as well. Both are huge capital investments. I think they are now coming up with ways of liquifying gas offshore but that technology is not too far along and is very,very expensive. So with all those problems let's hope we don't have much gas. Give me sweet, light crude. And make that a double.