Sometimes (maybe most times) This board is just plain silly.
Since Chad was announced, speculation about producing wells and drilling schedules have been over the top. Now it is doom and gloom because ERHE negotiated a minimum work plan that gives them lots of time to get a partner and raise money. What any good company would do. All this doom and gloom stems from ridiculous assumptions that turned out not to be true.
We still don't know how fast Chad will develop, we only know the minimum progress required to keep the blocks.
Our market cap is now below ninety million dollars. If you think this company is worth less, then I guess you sell. I think the value is quite a bit north of that.
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