ERHC Energy Inc (ERHE)

[nordicroots]

Just as a lot of the discussion has been focused on here for a while it means that at the time the "article" was written there had been no official news release on this and it's essentially hearsay. That is why the writer qualified it as he did.

A lot of this is water under the bridge at this point, but in spite of that fact my instincts tell me to give this story a wide berth and consider it for what it is. Something that sort of jumped out at me that I did not notice anyone mention yet is this: conspicuous by its absence in this "article" is the use of the word "abandon" in association with the word "plugged." Those two words are common in the industry and when used together they have a specific meaning. Now there have been a few theories offered up that perhaps the well is being plugged until a later date, if so the word "abandoned" would not really be something one might expect to see in such a story. And in spite of really preferring to wait for official information in a PR, I might be tempted to entertain the notion that the lack of the word "abandon" has some significance if the writer really does know something useful.

I agree that there are a lot of things about it that don't sit well with a lot of us, especially the part about "if true" but a lot of what is said and how it is said still does not sit well with me. Like I said before, until there is some official press release there will continue to be a lot of guessing.