ERHC Energy Inc (ERHE)

[Stay the Course]

Petemantx: Obviously since I am an ERHE stockholder and have been in it for a while I believe the odds of commercial oil in the ERHE blocks are good.

What the first well brings, who is to say. One in three chance of commerciality is an often cited guideline these days. Been a lot of success adjacent to JDZ area, so "closeology" as people like to say is important too. It's normal to reprocess and use all technology you can when these wells cost what they do.

I must say too that Jeff Schrull's comments that got quoted on this board on OBO-1 were very unusual. In his time at Chevron (IMO) they would have caused very serious angst in Corporate Communications and maybe contributed to his move to Addax. Normally it is known taht such talk is carefully NOT tolerated but I'd guess Addax won't mind as much in their context.

I was surprised that XOM bailed in block 1 the way they did, they are very astute, to me meant it was NOT a "river of oil". But may still be good for Addax & ERHE. However we are not yet at the develop and produce game and that is beyond Addax IMO and argues for a buyout then.

Hey, Petemantx, we all have to wait and see, I don't know (LOL)!

Like the song goes, "know when to hold 'em, know when to fold 'em, know when to walk away and know when to run. I'm holding!!!!