ERHC Energy Inc (ERHE)

[DegenerateGambler]

I would like to thank Balance for his excellent "observations" and opinions. Also, BaDog for his discussion with Balance, although I agree with Balance much more.

But I have my fears as everyone should. If this were a no risk situation the shareprice would not be in the 0.40's. IMO, the risk is not oil or the amount of oil. The oil is there. The risk is all political. Future elections in Nigeria, as well as the current political unrest (the rebels) and the DOJ in the US. Any one of these three could result in very bad news for EHRC.

In the past I have been heavily invested in a company whose share price dropped over 90% when the US Congress passed "unreal" legislation that put the company out of business. Even though this legislation was not expected to pass and over 75% of American public was AGAINST this legislation, it STILL passed Congress without even one second of open discussion. It was all done behind closed doors and then "tacked" onto to MUST pass legislation at the midnight hour. So, you never know what can happen when it involves politics. The shareholders as well as the public are just outsiders looking in and at the mercy of the politicians greed.