ERHC Energy Inc (ERHE)

[DegenerateGambler]

Umbra, I think our fate lies in one of the biggest and best reasons most of us are in the ERHC shareholder family. It's the ASSETS. Now most of us know, the GOG has oil, in fact oil everywhere! However, in the center of the GOG where the JDZ and the EEZ are located (in the deeper water portion) oil has been not that easy to locate. At least on not by Sinopec. Whether they drilled in the wrong place, or didn't drill deep enough remains unanswered. The final results of the drilling are STILL NOT PUBLISHED, but information reported so far indicates only GAS. This is NOT GOOD and this is the reason for the pathetic SP. We all still await the NSAI report, but IMO, a bad report IS ALREADY PRICED into the SP. It has been too long for information about what might be in the report not to have leaked out and cause the continual erosion of the SP.

Back to the ASSETS: Isn't Alpo REALLY close by? Didn't Chevron find some layers of oil in Block 1? So, it is still VERY possible there is oil in the JDZ and EEZ, but the BIG question is, WILL IT EVER BE FOUND? Someone has to drill to find the oil and as we stand now, the only future planned drilling is in Block 1. I guess we have to wait until those results are in before we can get ANY hopes up about future drilling in Blocks 2,3,4. Based on African time, would you (or anyone) like to guess how long that will be? My guess is 3-5 YEARS!

What will happen between now and then? Will ERHC be listed on the AIM (not likely). Will ERHC find partners and sign agreements to go forward with their EEZ blocks (possible, but years away as well). Will the situation with Blocks 5,6 be resolved (not likely). But most importantly, will Total and Sinopec join hands to develop the entire JDZ (possible, but this too is years and years away).

So in conclusion, PATIENCE, PATIENCE, PATIENCE.

DeGen

Ps. I do not expect any replies or comments on the above post, as most all of my posts are ignored by most of those here.