ERHC Energy Inc (ERHE)

[midtieroil]

I will stick by my assertion that a smooth curve chart showing that junior exploration companies like ERHC become more valuable all the way through the exploration phase and continue upward whether they find oil or not is not something I will be basing my investing decisions on. I think the true chart of a junior exploration company looks more like this.


http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=ERHE&insttype=Stock&freq=2&show=&time=12


I understand the intent of the chart and the point it is trying to make. That point is that exploration companies can add value even before a discovery. I agree with that but it fails to show the potential difficulties of doing that.