ERHC Energy Inc (ERHE)

[badog]

tryoty, don't understand your thinking here?

"They say they're trying to build a large oilco here. Alienating shareholders in the early days will not accomplish that. The lack of progress ERHC Energy has portrayed in the media is intentional. That will hurt them in the long run."

Building a large oilco has very little to do with PR's to shareholders. It has very much to do with:

1) identifying deals,
2) negotiating deals,
3) finalizing deals,
4) drilling for oil,
5) finding oil,
6) producing oil, and
7) selling oil

Would I like the SP to be higher? Sure. But things take time and to think that Sinopek, or anyone else, would buy us out at $15/share based on PR releases, when proven or probable reserves only equal $1.50 is totally unrealistic on your part.

And do you think Offor would sell at $1.50 if we are actually worth $15? Come on. Get real. You are so impatient that you are frustrated. How long have we had signed deals? Compare our SP increase over the last 3 months to Chevrons...I assume they have had several PR's, and news stories, etc...all the things you would want. You have done better than Chevron investors.

I'll help you....
http://finance.yahoo.com/q/bc?t=3m&s=CVX&l=on&z=m&q=l&c=erhe.ob

Badog