ERHC Energy Inc (ERHE)

[Strategyone]

That certainly is one way of looking at it and I feel sorry for those who only see the jagged rocks below as the likely outcome.

Do keep in mind that a balanced perspective can also help with ones optimism. I can readily identify multiple mistakes management has made over the years and it is certainly easier to say I would have made different decisions when I have 20/20 hindsight and also not having full details of behind the scenes information or constraints but one should also recognize some good decisions made like diversifying assets into onshore Chad and Kenya; getting major oil companies to partner with them in the JDZ; getting CEPSA to partner with them in Kenya; etc.

No oil was discovered in the first 5 attempts in the JDZ blocks, now the company exists for another opportunity that is right around the corner with more options in the wings. Since the share price is almost zero for all intents and purposes, it doesn't take a large $ amount to risk for a substantial return with multiple chances of success that this same CEO helped set up. That is why some people have the ability to see the jagged rocks below but also see another pathway to the white sandy beaches just down the road.

Good luck