Discussing similar companies in the same industry and space is very useful for investment decisions regarding ERHE.
For example, we know that ERHE successfully dodged the bullet which all but ruined HDY. Thanks to ERHE conferences (and related expenditures), ERHE got the in to land both Chad and Kenya, both of which has absolutely saved ERHE from HDY's fate. There's huge promise now, and you can tell by the investors' focus primarily on Kenya and not as much the JDZ.
Furthermore, Africa Oil serves as an excellent goal for ERHE to aim for and even surpass.
Africa Oil and ERHE have similar business model, have properties in Kenya adjacent to one another, with Africa Oil ahead of ERHE by a matter of months.
We can use Africa Oil as an excellent barometer. It took Africa Oil approx 18 months to achieve what it has in Kenya, and it exploded over 900% over that time frame without a drop of oil discovered.
ERHE has an LOI and is only days or weeks or months away from turning that LOI into the same thing that Africa Oil has done...
...namely the potential to get $35 million in cash and carries from a well known operator like Marathon or Exxon or Sinopec.
But with the added benefit that the magnitude of that cash also gives ERHE the wherewithal to continue in Chad by paying the Chadeans the necessary fees and/or the capability to exercise its right to purchase a 15% stake in an EEZ block where ERHE does not already have a 100% stake and thereby benefiting from the recent activity of both Sinopec and Sonangol in their partnership as Sinoangol.
I have no problem with partnering with Sinopec, because we now know that the hold up in the JDZ on phase 2 is the JDA and not Sinopec. Furthermore, we know that the likely cause has to do with native content laws. It is clear to me that Sinopec has got it right in the EEZ by teaming up with Sonangol, thereby, acquiring that local content and talent required by those nations.
We are at a transformational inflection point in ERHE's history with ERHE's future looking brighter than it ever has. Sure we can focus on ERHE's past...but what we see is that ERHE did not become HDY and ERHE easily exonerating itself from DOJ investigations much to the chagrin of the jealous major American oil companies only wishing to have what ERHE has.
Thank God we are not HDY.
Thank goodness we have a road map to follow from a proven strategy which has resulted in such good fortunes for investors in Africa Oil.
Of course, since short sellers' primary motive to short is to see ERHE stock go down, any reference to ERHE's accomplishment of avoiding an HDY situation deftly and with foresight or achieving an Africa Oil status would be anathema to the short sellers' goals.
Krombacher
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