redinvest, Tom: I concur with your post as well.
How can the average shareholder have any more knowledge then management regarding this investment and why it is being played out in such a way. As our noted shareholder says, We Know Nuttin? An so it will remain till we are informed by management of Somethin.
I think it is better to be holding an assert like ERHE with the prospects that three other companies believe there is oil and gas in a commercial find being examined NOW. Why push the Management for additional info when it is not possible. Keep reading what management signed in respect to the Operator and the rights they have. I am satisfied to be a part of this company with the potential of monster finds. If there was no oil or gas in a commercial way they would be out by now. They would not be engaging professionals to look further for something they did not think exists. This part of the investigation is costly and only a through examination will show how to harness the wealth below .
Try thinking of the many reasons we were not informed along with all other interested parties. What does our company and our partners have to gain by letting the cat out of the bag if we do have a cat in the bag. Nothing, until they put together all the loose ends as to speak and line up their next steps before competition does. How can one fault what is taking place when we are sitting on the outside and not being able to look in. We just have to relax and let management do what they are paid to do along with the drilling team. They know best, because I sure do not know what is happening and don't want to know if it will weaken the companies'position in the area. Lets abide by the contract and relax giving our company time to follow the guidance set forth.
For all investors who think they can do a better job guiding this company with the facts they know can look for another company in the same field. I doubt that they will find another venture like ERHE, with the amount of potential gas and oil in all blocks.
It has been a long time, but we are not sitting in on the current day to day situations. We Just have to learn that patience could be golden, and if you run out of patience then you just have to run.
Best of luck to all the patient and impatient shareholders. One day soon I believe all shareholders will smile. OMO.
Rapp jr
