ERHC Energy Inc (ERHE)

[kaydee]

our partnership with ADDAX - indirectly is larger than it appears with the deal Chrome recently made. Could the ERHE - ADDAX link-up grow - yes, but it will take 4 to 8 years. Will ERHE be around that long - maybe, but likely not.

At this time we are all frustrated with the lack of a ROO and few prospects of any in the short term. Petrobras smartly locked up a lot of the rigs. The market is just too tight and new drillships need to be build. There goes another 2 years. Everyone needs these ships and the demand will grow a lot more in the next 2 to 5 years.

What we all need is patience, something we all lack in our obession with getting results NOW. ERHE unfortunately is not a quick results play - another 2 to 5 years? I hope not, but other than Offor folding it completely into Chrome and listing Chrome on a non-US Exchange, we better get used to the waiting.

Am I frustrated like the rest of you - Yes; can I do anything about it - No. We better always remind ourselves of the Golden Rule: There is a majority owner of ERHE and he makes the rules. The rest of us are just along for the ride and have little or no impact. Those who don't like it better dump the stock.

That said, I too am a blue-eyed optimist and keep dreaming of a shorter time frame. However, I am realistic enough to wait, if necessary.