ERHC Energy Inc (ERHE)

[dw2oil]

I don't understand why we are still in the 20's. In March, when it was thought drilling would start in 4th quarter of 08, we were 7 months away from drilling, and we hit 61 cents. Even if there is no ROO (fingers crossed there is), in 7 months we will be very close to the AA comencing drilling in our blocks.

We are almost certainly within a year of drilling. Oil is at 100 a barel, and while short term fluctuation is probable, in the long term oil will stay at least in the 90's and will probably climb. The real variables are how much oil is there, and how long will it take to start drilling. Neither of those uncertainties justify such a low price in my view.