ERHC Energy Inc (ERHE)

[DegenerateGambler]

Krom, from the post I am replying to is appears you are concerned about ERHC running out of cash. So am I. In fact, that is why I am so against any marginal field acquisitions. I am been PMed by a poster here who feels I am trying to act like the CEO of ERHC and manage the company. This is what I replied to him:
"Unless ERHC has found a "golden goose" any marginal field endeavor will have financial risks. Now is not the time for ERHC to be taking ANY financial risks. They need to hold on to their cash as tight as possible, so ANY deal no matter how good it looks on paper should NOT be entered into AT THIS TIME. I do not have to see the details, now it not the time to do ANYTHING but preserve cash and wait it out for the drilling results. Patience, patience, patience. I am not trying to manage the coMpany only express my opinion on how I feel about spending money at this point in time on something that has no guarantee of being successful. No business deal can be a guaranteed success. Better SAFE then sorry."

Krom, my question to you is, do you think investing in marginal fields AT THIS TIME (before drilling results are known) is the right thing to do?