ERHC Energy Inc (ERHE)

[midtieroil]

My take on the JDZ. Either there is oil in the JDZ and Sinopec was not competent enough to find it with 5 tries. Or there is no oil in the JDZ and that is why 5 dry holes were drilled by Sinopec. Or, just maybe, BOTH are true. In any case, Sinopec bailed.

Reviewing some more facts, Exxon was in the JDZ, they left. Chevron was in the JDZ, they left. Total was in the JDZ, they left. Anadarko was in the JDZ, they left. Devon was in the JDZ, they left. Pioneer was in the JDZ, they left. Noble Energy was in the JDZ, they left too. Several other smaller companies also pulled out. Why did they all leave? Who's left that has deepwater technical expertise?

It has now been 7 years with no ERHC wells or partners in the JDZ. At least a portion of that time the oil prices were high and nobody was interested then either.

Anybody can talk about how valuable these blocks are but MAJOR, well respected oil companies don't see it and want no part of it. And with ERHC's .0002 share price the market obviously does not see it either.