ERHC Energy Inc (ERHE)

[Stay the Course]

Cobalt Intl (NYSE: CIE) has an excellent 2010 annual report and 10K that fully explains the terms used in deepwater exploration and shows how a serious deepwater exploration company (GoM and Angola) conducts itself and manages its business. Worth a read.

Seeing that probably will increas the frustration with the ERHE amateurs but at least may be useful to show how real exploration professionals conduct their business.

Whether making the comparison with CIE, or with other serious exploration players, it is easy to see how ERHE management drives IHUB posters nuts when their perspective is a history in the oil business, LOL