ERHC Energy Inc (ERHE)

[midtieroil]

I am one of the few people that maintains a healthy balance by pointing out both the good points and the bad points of ERHC. There is little doubt there have been far more bad points than good points over the last year and the current share price clearly reflects that. The people who actually listened to some of these bad points along the way have saved a boatload of money by NOT buying at 7.5 cents and above when there were many predictions that the share price was going to go the moon. Instead it dropped by over 50%. I suggested this may happen and it did.

This company still has a chance to turn this around buy they can't afford another misstep or it may be all over. This farmout deal needs to get done and even then it will be an uphill battle. I fear a LOT more dilution is on the way and that may hold down the share price for a long time. I still see drilling as being at least two years away. I am hopeful the share price will get into double digits before drilling. But we'll have to wait and see.