Replies to post #289237 on ERHC Energy Inc (ERHE)

[Gremlin9999]

Just my thoughts for today....which may again change tomorrow as I think about it some more.

Krombacher

Your constant changing your opinions is driving me crazy.

[Julius Erving]

NO ONE. NO ONE in the right mind would throw away the Tullow/Swala opportunity if charged with running CEPSA Kenya unless there was a substantial "Plan B", ESPECIALLY if you're the conservative type.

You have a point there. Only... the manager of CEPSA Kenya will not lose his job if the results of the 2D seismic show nothing much when it comes to leads and prospects...

BUT... weren't the preliminary 2D results (which are ALMOST FINISHED) "encouraging"????

Yes sir. They were.

[kingpindg]

Or, how about...


NO ONE. NO ONE in their right mind would throw away the Tullow/Swala opportunity if charged with running CEPSA Kenya unless there was a strict protocol to be followed at CEPSA before committing to an expenditure of millions of dollars, and anyone found not adhering to said protocol would be subject to immediate termination.

CEPSA had decided to withdraw from the licence because the short period of time available to it before the Joint Venture had to decide to continue into the third year of operations was insufficient for it to complete its internal analysis before reaching a drill-or-drop decision.

.

[lovemelongtime]

Great post, I'm foaming at the mouth coming out of the huddle fired up thinking about this!!

[Opus X]

One of your more well grounded posts.

[badog]

Krom.....you say:

Are you about to abandon yet another block and probably end up destroying your career in the process? You are in charge of heading up CEPSA KENYA not CEPSA some other country.

You screw this up, and it's pretty much the end of your career.

But I don't think the people at CEPSA are dumb. They may be conservative, but they are not dumb.


Ya know Krom....I don't disagree with you here. It gives the appearance that CEPSA may like ERHC's block better...at least for now. As long as CEPSA is still on board I will assume that they are still interested. I give zero credibility to any statement that the siesmic results look encouraging. I've heard this too many times from those that have a vested interest in saying such things...whether they believe it or not. CEPSA's continued interest is all I will attach any credibility to...and for now, they appear to still be interested.

It's funny though...I don't know how many times I used your career ending psychology in relation to SNP in the JDZ. Who at SNP...after just blowing a huge amount of money drilling non-commercial holes...would want to put their career on the line by drilling more? There were many who just couldn't accept that idea. It's called being married to your investment.

Again...you could be dead on, thinking that CEPSA chose the best of two assets. The issue I see is that if they needed so much more time to analyze the other prospect....how long will they take to analyze this one. The longer they take...the more our asset will be questioned as if they are not sure what to do. CEPSA could be very excited...but the market will not see it that way if their study is extended too long.

Congratulations to those that bought shares in the .04 range. But it wouldn't surprise me to see those same investors/traders take their profits in the near term without further positive news. They will continue to tell others how great the future looks...until they get their shares unloaded. IMHO this is still a trading stock...and those that don't understand the trading psychology...those that get caught blindly drinking the kool-aide provided by others...will continue to take the hits. On the other hand....If this all works out then there is nothing to worry about.

Just my thoughts.

Badog

[Julius Erving]

Read back the post I'm replying to.

Still a nice read, though...

there is one assumption that needs to be backup up with a link of some sort:

The govt of Kenya has snubbed you in your attempts to get some Kenyan pie piece for yourself.

Where did that assumption come from?

The Doc.