ERHC Energy Inc (ERHE)

[sneak-attack]

Gandur is on the move! Maybe he takes a seat at the ERHE table!!

After all, he did say ERHE'S property rights are a "Company Maker"!! :0)

-- How has Oryx Petroleum's strategy changed since the sale of Addax Petroleum to Sinopec?

We did not start Oryx in the same way we started Addax. When we established Addax, the oil price was at approximately $10 per barrel. Our experience in Nigeria was not really frontier-style, as we had the chance to acquire producing assets. That gave us the strength to become established and well known very rapidly. This will reflect positively on Oryx's new identity, which is geared toward high-impact exploration locations.

http://theoilandgasyear.com/week/2012/02/20/togy-talks-to-jean-claude-gandur/

The above article is from Seek.

This from Me - Do not look now, but Pete and SEO are moving around Africa and are about to claim Check-Mate on all the nay sayers.

Since Pete tookover the Helm at ERHE, ERHE has burned through $9 million in cash and lost about $147 million in market cap due to the markets reaction to the lack of hydrocarbons found in the JDZ drilling during Phase 1.

Compare that to another well known NYSE High Flyer lead by the Elite of Wallstreet. He has burned through $150 million plus and has lost $1.3 Billion in market cap after lack luster drilling program in their blocks.

The Moral of the story for the other Company is, If they had diverisified the risk by adding additional partners and had not pumped the drilling targets, they may not have been Crushed So Bad by the Market. Now they are at risk of a delisting, what a Shame.

Pete has not been so bad when one considers the results of other companies operating in the Oil Patch.

Have a Great Day
Sneak