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Re: tryoty post# 275463

Saturday, 07/06/2013 5:27:19 PM

Saturday, July 06, 2013 5:27:19 PM

Post# of 367195
The last JV partner that ERHC signed I think was in 2005. What would lead you to believe they are suddenly going to show progress in 4 areas all at once and actually get something done? As I said before, I am looking for ERHC to do ONE thing right in ONE area so I can get out at a decent price because I KNOW there will be no drilling for at least two and probably more like 3 years from now. The ONE area showing any activity at all right now is Kenya. Everything else is moribund, has been for a long time and will in all likelihood stay that way for years. Still waiting for that ONE good thing to happen since the last unsuccessful well was spud in 2009, almost 4 years ago. Obviously the market was not that impressed with the acquisition of the Kenya and Chad blocks. Maybe that ONE thing will be this LOI which results in a JV partner, but then again it might not be. We'll see.
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