Replies to post #291481 on ERHC Energy Inc (ERHE)

[Opus X]

Thanks Brez! Punch list continues to be checked off.

I have some friends moving to Perth in Canada. Ever been there?

Opus X

[ibready]

Brez, This is a large financial commitment. Seems like we estimated Kenya work at 2million dollars. I believe it was 1500 kilometer lines versus 4700 kilometer lines on this one in Chad. Someone, I assume it is Cepsa, is underwriting this effort. IMO

[Krombacher]

This is the reason why I think ERHE is a better investment than Taipan.

If Taipan comes up with Zero in Kenya...it's over. Pack it up or spend years while their management tries to find some acreage somewhere...just like what happened to HDY...a one trick pony.

If ERHE comes up with Zero in Kenya...we still have another chance in Chad which is progressing as it should.

How much market cap is a second chance worth?

Well, a second chance reduces the probability that the stock will fall below a certain floor. So long as there's hope, there will be investors.


I think, ERHC should be at least double the market cap that Taipan is, easily...we should be trading well above 8 cents right now.

Of course, if we get resource estimates and a go forward on drilling, then we should be worth 50 cents or more.


...on the other hand, certainly this activity in Chad raises a few questions like where is ERHC getting the funding for this?

Krombacher

[arnim-v-b]

not bad ...thanks Arnim