Replies to post #34047 on ERHC Energy Inc (ERHE)

[tryoty]

mainecoons, likely 5+ years out...

They'll get to first oil (pumping) in 3-4 years by some counts. But the value of ERHE shares will rise long before that. If the reserves in ERHE blocks are proven within a year then shares will start to reflect the value of those assets.

Suppose to anyway.

Many thaought the signings would bring $2-3 share price. We can see how THAT worked out! LOL.

No worries. 99.9% of the investing world has never heard of EHRC Energy. 2006 will be the year that changes in a big way.

[Manti]

Mainecoons: Welcome to the board. If you're nuts, so am I. For the short time, you've done quite well in assessing the situation. The JDA wants to fast track. The biggest impediment right now is the shortage of rigs/resources for bringing it to production. Deepwater also takes longer, so probably about 3 years to actual production. However, proven reserves will be much sooner, since that only takes a drill rig, and cvx may have already given us the jump on reserves. Long term, expect Offor to leverage the JDZ and STP EEZ assets to become a serious PanAfrican oil company, starting in Nigeria and then expanding. IMO this is a keeper. I expect dividends in 3 to 5 years in excess of the current share price. I can wait and retire on that.