ERHC Energy Inc (ERHE)

[TOB]

On the contrary, we've known for ages that only methane gas was discovered in the first round of JDZ drilling. There is nothing to update us on, until the JDA makes whatever decision they are considering.

ERHC management is hardly responsible for dot connecting, speculation, and google translations of Chinese papers. That's our job to discuss, lol.

While I've learned a bit more about the JDZ in my 2+ years commenting here, and looked at many potential scenarios, I've known the results of the drilling for 2 years now. Since they were announced. Before that it was pretty obvious from the share price.

One thing I've seen is an increase of quality communication from ERHC management, new assets acquired, detailed exploration plans, and sincere efforts to communicate with minority shareholders, even in the face of hostility.

That is a challenge for any company which has had a set back and is experiencing a decadal low in the share price.

I guarantee the CEO Peter, Sylvan, and the Directors all would very much have preferred to have discovered oil in the first drilling, everyone's expectations were high.

But over two years later, they have obviously made a sincere effort to recover from that set-back and created a new reality for ERHC and ERHE shareholders. We have a new chance at a win with Kenya and Chad. The EEZ could become active as well, and other assets may be acquired.

As to the JDZ? Who knows. But all I can say is ho hum. No doubt the least interesting asset in ERHC's portfolio at the current time, and yet it still gets the most attention. Go figure.


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