ERHC Energy Inc (ERHE)

[mz157]

again with the de-risked?! what does that even mean... if anything, erhc is in a worse position because they are eventually on the hook to pay for current assets. In the past, they operated with no money but that was do-able because they had very lucrative assets (the JDZ) in which the majors were paying many millions to be a part of (let's also not forget their payroll is now greatly expanded compared to before). It's a different world today and I don't see anyone rushing to get into any of our assets. (hopefully total changes that). Saying that we are fine because we operated with no money before is a completely ludacris and disingenous statement to make.

I guess if the definition of de-risking is getting the price so low that you can't really lose anymore... then yeah i agree.