The Nigerian - Sao Tome JDZ drilling campaign got started the 2009 and ERHE shares were trading in the high .90 cent range with about 724 million shares outstanding.
After poor JDZ drilling results, ERHE'S stock quickly sold off. Management increased the share count to 3 billion shares to raise capital for the Keyan block 11A project.
The 100 to 1 Reverse Split took place in January of 2016 when the share price dropped to .005 prior to the reverse split and the market cap was just $15 million.
The market cap back in 2009 was about $690 million. Although the share price dropped to .005 prior to the split, investors sold off along the way and did not loose the entire $675 million drop in market capitalization.
Since the reverse split, ERHE'S market cap dropped further from $15 million to about $289k.
Since Total Fina stepped in to conduct a Deal for EEZ block 4 with a 5% FREE CARRY for ERHE, the share price has risen 10 fold from .0001 to .001 due entirely to Current Longterm shareholders and New Investor Enthusiasm about the possibly of ERHE and Total Fina conducting a similar deal in the JDZ with similar "Free Carry" for ERHE in blocks 2,3,4,5,6,& 9.
Let me give you a little hint, JDZ Block 6 may hold the JDZ "Mother-Load" of Hydrocarbons with in the JDZ!
"When" and not "If" the deal get done in the JDZ, ERHE is Certainly Earmarked for a Higher Share Price in the Order of a 100 fold increase going forward and if Commercial Hydrocarbons are discovered, that share price moving North could be Several 1000 fold!!@
Please conduct your own research in case I am Mistaken
Sneak-attack
