ERHC Energy Inc (ERHE)

[DegenerateGambler]

I wonder how much money Chad cost ERHC? ERHC management spent lots of money to attend conferences to find out about Chad and then had to pay the Government of Chad a substantial amount of money to begin the development to drill for oil in Chad. All the money went down the toilet as ERHC gave up its rights in Chad as was outlined in the last post. So much for these conferences being worthwhile. I still believe the conferences were a waste of money as management lived high on the hog, hopping around the world (first class) as they enjoyed going through ERHC's cash.

So, my guess to the question, "how much money Chad cost ERHC"? 10 million
Not much to show for that much money. Was it really worth it?
I'm sure PN and SO enjoyed spending the money and getting paid handsomely for doing it.