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Re: oil-cowboy post# 110226

Wednesday, 10/24/2007 12:54:45 PM

Wednesday, October 24, 2007 12:54:45 PM

Post# of 361730
Unfortunately, we're all in this stock years and years to early, fortunately, the wait is almost over, less than a year till we begin to really move. When we get close to drilling, when we've actually hit oil, I will then expect ERHC to launch an all out PR blitz and expect then it will be time to hire a CEO to go on roadshows and sell the company to institutions. However, until that time, we really have nothing to sell and nothing to PR. All we have are rights in an area of the world that is highly prospective but unproven, finding oil in blk 1 was the first step, but its still an unproven region of the GoG, so there's really nothing for ERHC to PR or to sell to institutions yet except rights that the market currently is valuing at $173 million. But, we're getting there. Should we be much higher than .22, def, but should we be over a buck, probably not until we have hit oil, then I suspect we sail over it easily.
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