ERHC Energy Inc (ERHE)

[manuel06]

TOB
what I cant get my head around is how a company with 1+yrs money left(as far as we have been told)can brazenly go to other countries(so far just African) to bid for acreage to widen their portfolio....AND win it!.Now dont get me wrong, that I might think this is a good thing,because i'm confused why and how this action can be justified financialy.They haven't stopped shopping about in Kenya,Tanzania and where ever they can somehow concoct these deals(out of thin air/thin monies?).If there isn't something going on behind the scenes that can give sanctioning to all this action then we are dealing with the biggest "fools" ever.
Some how my gut tells me there is much more to this story in a successful manner.
I have been here 11 yrs and I am not going to pump with this post.
I just cant put ERHC's actions down as FOOLS...as they are in the know and we aren't. Now couple this with all the positive news comming from Sao Tome ,admittedly some negative,The GOG's hydrocarbons will be lifted in part in the JDZ other than Block 1.I would not even hazzard a guess as to when.(hope its in my lifetime..lol).
This is difficult Geology to extract from but it has been done just N/NE of the JDZ (Akpo Engina etc.). The JDZ is way under explored for it's size and oil has been proven in block 1.

Baz