ERHC Energy Inc (ERHE)

[stocks2rise]

Ah, therein the crux of the questions still lingering on the drill results. Given that the JDZ was the most analyzed blocks in history and the seismic reports were reviewed at least 15 times and that they were also coordinating them with the OBO discovery etc then how could they possibly drill 5 wells and come up gas only? They did not even need to drill the 5th hole in the JDZ. It could have gone to 291 if they found they were only hitting gas. 50-50 chance of hitting gas and they hit gas on all 5 wells even though they drilled the same sands etc as OBO1? That is why so many here think we have been duped. Is there a giant coverup going on? Why hasn't SNP withdrawn yet? Jeff Schrull disappeared soon after the drilling was done. Why? Was it his fault they only found gas? Was it because of his company maker statement on Block 4? Sugar coated rose colored glasses can't take away the stench of the "Biogenic Gas Only" statements. ERHE management spending like drunk sailors and acquiring nice properties without the means to pay for them etc puts up so many red flags that it looks like a tulip field in spring! Thanks Dr. J for the reminders and for keeping things real.
Personally, I think the Biogenic Gas statement are just a smoke screen. I think they did find Gas in some upper zones thus they could legally say that is what they found. But half truths not told are a very risky business. Probably the same way as OBO had some only we weren't told about them. But I also think they found oil where it was supposed to be and they are trying to put together a consortium including Total to develop the JDZ along with Akpo. All the infrastructure is there and it would make huge financial sense.