ERHC Energy Inc (ERHE)

[Stay the Course]

On the morning of ERHC's ASM, Cobalt Intl (CIE) held their ASM: a 45 minute meeting in a modest conference room in their building. Really strong directors and officers all in the business, all straight and to the point. A REAL E&P.

CIE is one of six African E&Ps I have invested in while owning ERHE stock for the last 6 years. ERHE is at 1/4 of what I paid and all the others made me good money.

If one has a career in the industry, it becomes instinctive to recognize which crowd knows what they are doing and where they are going and which crowd is all BS. I listened through the ERHE Amateur Hour (and a half) in their big hotel conference room. Compared to CIE, night and day.

Midtieroil is on the right track, IMHO, can well understand his great frustration.

This ERHE one trick pony has a shot of recovering via the JDZ but when, who knows. The experience with Akpo is the only reason I am still here. The rest is realistically way off in the future.

I rarely post here any more but felt another side to the board reporting on the ASM was in order to give balance to the prevailing winds from dreamland.