ERHC Energy Inc (ERHE)

[ssc]

Imagine that, a post based on the stock price and volume is considered bashing, yet the scenario that JDZ is mostly gas is cheered. What a surprise. Gandur looked at one of the risks in the JDZ as being gas instead of oil, and he wasn't willing to take that risk. Why not? IMO, natural gas can be acquired thru various sources that already exist much cheaper than the cost to develop deepwater gas fields. That means even though there might be huge quantities down there, Sinopec is likely to just book the reserves until gas prices are much higher. That could be years from now and not many new investors want to hold this thing for another 5 years or more before seeing gains. With luck, an offer will be made, probably for $1 - $1.50, and this time Offor will take it. So it's all good.