ERHC Energy Inc (ERHE)

[Strategyone]

Stay the Course, I don't disagree with the approximation of the timetable you suggest but the share price should dramatically improve as it is based on future expectations. Once a drilling schedule is announced there should be a dramatic bump in price followed by a leveling off. Then once any reasonable potential amount of net pay is discovered and announced, there should be another major bump. Yes, it will take years before commercial oil is produced but by then there will be many announcements along the way to give solid oil reserve numbers that will be the basis for ERHE price.

Since ERHE has partnered with world class oil companies and obtained a carry to oil (by giving away a part of their own percentages) and they have a good size cash position for the continuous legal battles, the price should reflect future potential revenue streams. I don't expect $20 overnight but by the time profit $ hit their 10Q the price will have gone through many "bumps" up to reflect this profit.

If this weren't the expectation, I would be invested in Addax.