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Re: TOB post# 266463

Wednesday, 10/24/2012 10:18:46 AM

Wednesday, October 24, 2012 10:18:46 AM

Post# of 367195
I really wish your chart showed more clearly how a small oil and gas exploration stock increases over time. A smooth upward curve in NOT how it will happen at all. What it should depict is more like stair steps. If and when ERHC raises enough capital to move forward there will be a stair-step up. If and when ERHC does seismic and publishes third party resource estimates there will be another stair-step up. If and when ERHC signs a JV partner there will be another stair-step up. And then, most importantly, when ERHC drills a well there will be a HUGE stair step UP OR DOWN down depending entirely upon the results of that well.

Bottom line is the chart will be entirely dependent upon accomplishments and it won't just be a gradual upward curve that does not even consider that our very first well might not hit oil and that there will likely be many bumps along the way.



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