Replies to post #290786 on ERHC Energy Inc (ERHE)

[2IRAs]

Agreed, Dgen. Just the announcement of Phase II means to me, at least that we have de-risked significantly the nature of the block. Plus, we are hearing the magic "Phase II" which we waited in vain for on the JDZ. Waited for years, to hear it and never did. Phase II!!! WOW!

[Krombacher]

There is a bit of a lag time for folks to sort through the various DK communications, etc., to realize that we are on our way to phase 2 and we're down to two options, 3D or drill...and as soon as Kenya say go ahead, and there's no reason to think they won't, we'll hear about it.

And when we do, there's no doubt in my mind we'll go up.

But, there's a lot of misinformation out there. For example, some even think that a company that went out of business in 1911, Standard Oil, you know of the Rockefeller fame, was doing some drilling in our JDZ blocks.

The results of JDZ were also VERY encouraging in Blocks 2,3,4, especially associated with Standard Oil in Blocks 1(compare to Tullow). - Condor1

So if long gone ghost companies and a resurrected Rockefeller can start drilling phantom holes in the JDZ, then I guess we have a loooooooong, long, loooooooooong, way to go before enough investors are educated about ERHC enough to buy up shares...

...there's no reason for these shares to be at 5 cents. Not now. Not when we're so close. But, if Standard Oil can be in the JDZ and Tullow Oil in Block 1, lol, ... I guess 5 cents is possible too.

Krombacher

[ssc]

Many here simply choose to overlook the implications of the dangerously low amount of cash on the erhc balance sheet and the negative nature of the convertible notes being used to raise capital. Even an announcement of drilling will do little to break out of this .03 - .12 range until the actual drilling date is much closer. 1 well to be drilled a year from now simply means dead money for the next 6 - 12 months imo. Hopefully dilution will continue to be limited until then.

[emdyal]

Don't forget that its fear and greed that drives the market as opposed to rational thinking ! Your post is rational thinking !

So why the fear ?? Lack of clarity , communication and trust ! It may be irrational but it is what it is !

Who is responsible for the above ?? You guessed it - management !

Pull back the curtain and stop blaming it on some phantom entity like the operator, the PSC, the contract, the authority the government !! La de Da !!!!!

Makes no sense with all the assets and a reputable international partner that ERHC is a 5 cent stock that could go even lower !

IMO the management sympathizers and excuse makers and Mr. Ntephe never seem to get it ??