ERHE did not get on the AIM before for several reason and it had nothing to do with SEO in my opinion.
ERHE had No proven reserves, No hydrocarbon revenue, No large Capital reserves, No real oil management leadership and most of all, No ability or experience drilling for hydrocarbon especially in deepwater.
The fact is that other small Real oil companies with proven reserves, proven managerial leadership and previous drilling experience with cash reserves and listed on the AIM and other exchanges have bit the dust and folded in this very risky business of the oil industry.
In my opinion ERHE for the most part is a Real Estate company with valuable assets masquerading as an Oil Company looking for someone to drill, find oil and carry them or foot the billing until profitable so they could make millions and that my friends will never happen as any partner would rather having paid for everything would rather make All the money for themselves as this is a very risky business where today you are a winner and a few years later you could be a loser if oil prices sink and you can not pay your debts.
As far as the UK not allowing SEO to gain access to the AIM, one only has to look at Eland Oil who has formed a joint venture with Starcrest called Elcrest where Starcrest or SEO controls 55% of Elcrest and the Nigerian Government controls 55% of OML40, so much for not trusting the Nigerians and SEO.
Just my opinion, so please do not believe what I am saying. Please do your own reseach as I may have drifted along way from the Plantation of "Following the Herd" and popular view points and opinions of most investors in this stock.
Sneak
