ERHC Energy Inc (ERHE)

[tryoty]

Sidewinder...

"I think even if we do find oil our share price may not move."

I you really believed that you wouldn't be here. I understand your frustration though. Too many people set their expectations way too high way too early. ERHE should retest a buck as Addax drilling approaches. Whether it does anything between now and then depends on surprises... DOJ/SEC closure, CEO announcement, acquisition, etc.

Patience. EHRE is not going to reach the $7-10 many hope for until blocks 2, 3, & 4 are proven. Addax has the Aban rig for up to 600 days starting in Q208 (maybe earlier). It's going to take them all of 2008 AND 2009 to drill their 10 wells, and even after that all 3 blocks probably won't be proven. It'll be 2010 or later for a share price north of $10, IMO.

If you know where the finish line is the race doesn't seem as long!