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Re: DegenerateGambler post# 191833

Thursday, 12/24/2009 10:05:47 AM

Thursday, December 24, 2009 10:05:47 AM

Post# of 362654
Degen--

I find your post very solid. I can relate as I have family involvement with this investment and they think I am nuts and maybe a little malicious.

I am an investor with over 45 years experience in various stocks and various markets. I read the investing literature and am aware of the "rules". However, none of this has prevented me being all in on this stock. My ROTH is all in this stock and I have increasingly invested during my six years with an average basis in the mid .40s. I am hoping "the exception proves the rule"( whatever that means!). Anyway I can say I have done better with ERHE than I would have with the S&P index over this time period and I am happy to be green. This is actually pretty good success. But this level of return is not why I invested.

When I got into this stock my brother asked me what it was worth. Six years ago on this board it was estimated to be worth anywhere from pennies to $10-15 per share. I told him no one could know what it's worth until it was drilled.

So here we are six years later. Not much is changed. I do my ERHE DD mostly on this board but have been a student of oil investing and an oil property and oil stock investor for 30+ years. And I am all in as I said -- not good -- but reading the posts over the last six years has increasingly convinced me that oil is there -- likely in such quantities that it has more than just economic interest and this might be impacting the share price and information flow. We just don't know -- although the lack of information about this stock available in the financial press is another telltale for me.

I am still hopeful there is a chance for news sooner than March based on August statements by SINO/ADDAX saying results at end of December -- but regardless I am holding tight until I know the "rest of the story".

Merry Christmas to all you EHRE folks -- feels like we have been on some type videogame quest over this past six years -- here's hoping for a glorious finale in 2010-- we'll see.

Cheers!

Hyde
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