ERHC Energy Inc (ERHE)

[BuffaloTrader]

I'm with you on the quarterly calls. They had a few of those, but goofballs asking "who is Feltang" repeatedly wasted everyone's time. On the subject of the new HDY, my understanding is that they are very much what you seem to desire here - an honest to goodness operator. But a quick look at their Q http://www.sec.gov/Archives/edgar/data/937136/000114420410028388/v185375_10q.htm shows they have a huge burn and almost no cash.

"...the Company has suffered recurring losses from operations, that, as of the date of our auditor’s report, raised substantial doubt about our ability to continue as a going concern."

Their quarterly burn with all those technical pros is almost triple ERHE's while they have enough cash to make it about one more quarter at their current pace. Is that really the model you want? A staff of people who really know their stuff but churn through the money forcing a sale of assets to just pay overhead?