ERHC Energy Inc (ERHE)

[midtieroil]

We have had many people over the years always telling us that this is imminent or that is imminent with ERHE. I have learned that with this stock nothing is imminent no matter what people say. Let's look at reality. Chad certainly isn't imminent. They have to do 2D and then 3D and get an operator so I think drilling is at minimum 2 years away. The EEZ is certainly not imminent. With the lack of interest in the bidding round it could be very difficult to get a partner or carries and they have no PSC. Additional drilling in our blocks in the JDZ is certainly not imminent. If they work some deal in Imo I still fail to see how the amount of cash ERHE can raise quickly to buy such properties will be enough to to generate significant revenue. And when they drill in JDZ Block 1 how long will it take this time to get those results?

I think there may be money to made here in the long run but it appears to be dead money to me in the short term. I just do not see the catalyst to drive the share price higher in the short term. Diversification was started far too late and now ERHE has the wrong people in charge to get that done. What a shame that such a great opportunity has turned into such a money pit for all involved, myself included.