ERHC Energy Inc (ERHE)

[rheddle]

I wouldn't sell my shares if I where Offor, due to the likely value I would get for them prior to oil being discovered.

Nobody is going to offer Offor what he thinks his shares will be worth after oil is discovered, for the same reason big institutional investors won't really stump up a ton of cash. The risk is still there in their eyes.

I agree that we need a white man to be CEO in the US, but it is not reasonable to think that Offor is somehow likely to sell his stock for less than it will be worth in two or three years now when he is not exactly strapped for cash right now.

Although this sounds odd, what our consortium partners are doing has more impact on the share price IMO. Look at the positive step Addax took recently when Chevron's X technical guy went to join them.

We need to be worried about the likes of Addax and Sinopec getting the equipment needed and the people with the know-how required to discover the oil and prepare for oil production as quickly as possible.

Us all getting embroiled in the subject of Offor staying or going is not very relevant IMO.

The oil is what counts and that is where our focus should be.

R