Replies to post #32813 on ERHC Energy Inc (ERHE)

[badog]

I disagree. I say we go after an onshore play...somewhere away from the trouble in the delta. Look for an exceptional prospect where we can actually hire a good onsite oil guy to run it and actually get our feet wet. Maybe take a project partner...Godsonic?...to reduce expense and risk. We are going to have to get some experience...and success...before we can consider ourselves an actual oil company. These offshore plays are great but production is a few years off. If we could nail an onshore property we may be able to generate cashflow in a year...and start building an even bigger war chest. Offor has the contacts, Brandhuber is a great CEO, now we need actual hands on oil people to get after it. Build an oil company...not a shell based on preferential treatment. ERHC earned the right for the ones we have but I don't know how many more of those deals we can get. Any new offshore deals may be much harder to get until we start collecting huge revenues from the blocks we have. This is an excellant time to begin the process. Hell, I could be all wrong...I trust Brandhuber will steer this ship the right direction.

Badog

[mz157]

maestro i respectfully disagree as well. when meridian said this indeed was what the money would be for got me very excited. why not use the leverage we will have with this money to create revenue generating projects before all the work in the JDZ - Get rid of that connotation of being just a shell company. but i do agree that expenses need to be paid as well without further dilution. but otherwise, merdians confirmation of that should make us very happy shareholder in the ST and LT.