ERHC Energy Inc (ERHE)

[manuel06]

Hi Strass:
though I share your frustration,in these troubled times,Axc's shareholders are in a good company that has done very well over the last public years...and since inception.They went from under 5000 bbls /day to over 120,000 bbls /day ...for a small company this is impressive.Untill the market and ecnomy crash(for all the related reasons),not many companies their size could claim their production figures.Now!if we want to compare a missmanaged company that had no grips on its limitations and cash flows try looking at OILEXCO(which I hold tight on)...they are under Administration in UK(with sub ONSL).They are in Credit protection in Canada....It was full steam ahead with them ...and their foolish liberalism with their projects,before the credit crunch,did them in.IMHO Addax is doing "THEIR" shareholders quite well(I also have a position in Addax)and will emerge fairly well off when the economy shifts.
Frustratingly Long
Baz