ERHC Energy Inc (ERHE)

[spp119]

Miami,

I have no fixation on gas. I was anticipating oil finds like practically everyone else based on the pre-drill estimates NSAI/ADDAX had issued.

But I also try not have wax in my ears nor wear rose-tinted glasses. There was always that verbal appendage (by JS at recent presentations)that a mostly gas find could not be dismissed. And every oil industry man and his dog knows (as many have stressed repeatedly on this bb) that no-one knows what the true situation is until Dr Drill reveals his find.

I had, as a consequence, some months ago, brought up a JDZ gas scenario on this bb, for discussion saying that if such were the case, that would not necessarily be a cause for of doom and gloom. NG could also be commercial.

I got crucified for daring to think outside the oil box. Sorry but I will continue to speak my mind. And to express it as best I can, as rationally argued as I can and with as much evidence at my disposal as possible. Too bad if some cannot stomach dissenting views.

The circumstantial, post-drilling fact that gas is what the JDZ is mostly about, can be contended until official results are out. I will certainly apologise to the board, if I have been shown to be wrong. I very much doubt however people will do the same to me, if the less travelled route I have taken, proves it was not the dead end it has been made out to be. But hopefully they will remember the main arguments made......and not reach for the panic sell button

As for the blow out. I am not a phantasist. It - or something very much like it - happened. It happened on Kina. And yes I was anxious about it. A few months earlier, a similar big bang caused a very major - and expensive - drilling project at the Kuda well offshore Ghana on the West Cape Three Points field to be cancelled. Sure did not want anything like that to happen here.....and I related such tidings which came my way, probably seeking some sort of emotional support from fellow ERHE investors, if such catastrophe was to occur here as well.

You more than most, will realize that this bb is of course about ERHE discussion and opinion. Even pontification. But at the same time it has additionally come to serve not only as a great fact finding nexus .....but as a beacon of comradeship and of relationships as well.

To which everyone is entitled......

spp119