Replies to post #43307 on ERHC Energy Inc (ERHE)

[bayfisherii]

Maestro,

You are being tautological in your list of unproven items.

In affect it is 3 or 4 at best.

[snow]

I read an interesting analysis of Equatorial which is an ERHC partner in block 2. As far as I remember it estimated that there was a 50% of a field of $ 1/2 billion in block 2 and a 20% chance of another billion in other fields. This constrasts starkly with the numbers bandied about these days based on rumors regarding the well in block 1. If these are true it shows that the seismic is a poor way of establishing the quantity of reserves.

[pappin]

Maestro I think there could be some use to some of these writings especially sending a message to EXX. The lack of press release is more Exxon like than Chevron though I believe opl 257 may be a factor and appraisal drilling may another.

[instructmba]

Sometimes you go by instinct coupled with your own DD. The JDA has publically published the fact that there is oil in dem dar hills. Afren has reported both AKPO and EGINA "Analogous acreage in Nigeria adjoining Block 1 has GIANT DISCOVERIES" (emphasis mine.) So I take the information, add in a dash of oilphant, and judge the reward could be worth the risk. If you wait until all your items are proven, beyond doubt, you will have missed the boat and will have a nice 10% or whatever return on your safe investment. So not all of us "blindly accept" your seven points, but we do weigh the possibilities and wager our money that it at least looks very, very, promising. JMHO

BCNU

[nwtf]

Maestro
You forgot about our CEO hopping on the plane to talk to CVX. PL