ERHC Energy Inc (ERHE)

[ERHClongtimer]

Midtier, good post.

That has been my feeling all along: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33212477

I would much rather there be no deal than some deal that would put ERHC in a distressed/vulnerable state or that would dilute shareholders.

2014 for production to begin "in earnest" may seem like an eternity (and six years is a LONG time). But it would be good for all to keep in mind that it will be a much shorter period of time til reserves are proven. Proving reserves should really be the mantra of all ERHC investors (rather than deal-making). That will be when the true value of what we hold will become apparent, and then the market should price our shares accordingly. Proven reserves (assuming they are substantial) will do much more for the share price than any deal that ERHC can do with their current cash position.

I think some dot-connecting viewpoints expressed on this board are made by investors whose investment horizon is short (maybe due to financial or age constraints). I'm not faulting that, but really, it's best to recognize our investment for what it is and not build up unrealistic expectations. (But hey, that's not to say I wouldn't love to be able to cash in my investment now as much as the next guy.)

As I alluded to in my linked post above, it seems to me that if there were any deal to be made to ERHC's advantage, it would be in an area where ERHC has an inside track, an area in which it can leverage its knowledge and contacts, Nigeria. Even then it would have to be some special situation of hidden or overlooked value, given ERHC's limited resources at this point in time. - Longtimer