ERHC Energy Inc (ERHE)

[Julius Erving]

Has this Sfreed message already been posted?

http://finance.groups.yahoo.com/group/theelephantfields/message/12539

OK, my thoughts in general:

This was a real company with real prospects and real regional leverage but the
top dog doesnt understand how to make it work so it wallows and will continue to
do so for the forseeable future. The company is going nowhere without
significant oil people and the willingness of Offor to leverage his position and
create a real company that acquires real producing properties but also generates
revenue from other oil-related businesses in the region (oil trading, etc).
He'd rather do that in his own company.

There is nothing going on in the JDZ and won't be for a very long time. Gandur
knew it and took his cash. Shrull has moved on.

Offor had the chance to sell but didnt and never will. He cant because he
becomes liquid and people call their loans/favors. Those to whom you owe money
or favors are those most interested in you.

STP EEZ is so far from exploration it's barely worth mentioning. Basing any
value on that is blindly optomistic at best.

The AIM listing is foolish and a misguided attempt to bring interest into the
stock.

Raising modest funds to operate is no big deal, but without a clear use besides
the usual rubbish about creating shareholder value and acquiring properties its
just working capital to pay the travel expenses. You dont get properties that
support a decent market cap with $2mm.

Sadly, I think this has run its course and there's nothing left to squeeze. The
company we all hoped would be built hasn't been and there is little reason to
believe it will be.

I wish everyone the best of the season.

Sfreed.