ERHC Energy Inc (ERHE)

[Strategyone]

It is interesting that Raging Bull has become so bad that now some bashers are seeping onto this board. They must be pretty desparate as no one is reading their manipulative rants anymore. I don't even look at RB anymore and I have enjoyed the relative reasonableness of messages here.

For those who want to cry foul to the moderators, you are probably wasting your time and you only look more manipulative by doing so.

If on the other hand you want to carry on a reasonable discussion over realistic concerns/time tables/issues ect, try being level headed in your arguments and not focus solely on the extreme negatives which are technically possible but highly unprobable.

Now for ERHE discussion:

It is great that the issues we are complaining about are focused on Rig availability and no longer on whether or not ERHE will loose there negotiated rights.

It is also nice that due to ERHE's multiple block participation that we have multiple companies all trying to negotiate a rig of "availability" (Addax, Sinopec, Anadarko).

From a timetable perspective, all we know is that once the rig is in place it takes approximately 60 days to drill to depth. Probably another 30 days to get an official release on findings if they hit any oil. (Sooner if it is a dry hole, nothing to analyze) It will probably take 3 to 5 holes drilled to determine recoverable reserves but we will also probably find out estimates after one or two good findings.

All in all, the price will be moving NORTH through most of the steps along the way so I really don't get concerned over whether I think ERHE will start seeing production profits in 3 or 5 or 7 or 9 years. The price advance will long precede the profit and in all likelyhood a buyout, buyin or substantial institutional holdings will be supporting a price a lot higher than todays.

Good Luck To All (except the manipulators, LOL)