ERHC Energy Inc (ERHE)

[manuel06]

I know that ERHC is riding the razors edge....after the failure of the JDZ....onland properties were secured. I don't know how they were acquired(meaning),I don't think the names of Peter Ntephe and Silvian Odubulu were enough to secure properties for ERHC Energy. I only assume that what we don't know is how many tentacles SEO has and where they spread. Kenya and Chad still SEO's hand at work. Looking at ERHC's record of exploration,it is not to be boasted about. Dr. Thuo was hired to oversee Kenya.
After hiring him there was some knowledge behind their bid for Block 11A. Would that be enough without a backer with deep pockets? How could we acquire anything with our balance sheet. How did we afford to outlay costs for seismic acquisition and FTG aerial? This has been how they operate.....and we all should have known about the risks. We can blame Management yes...but most of all ourselves for not taking the escape route(s) that were presented over the years!
Even now there is still something bigger than ERHC Energy that supports it's survival.