Replies to post #296886 on ERHC Energy Inc (ERHE)

[midtieroil]

Africa Oil has not sold any oil at all. They have resource estimates in a magnitude ERHC can only dream about. Multiple blocks in Kenya. Multiple discoveries. Many wells being drilled. And they have reserves. Yet some still will say ERHC is worth more.


The argument that ERHC somehow benefits from these low oil prices is absurd. Lower drilling costs don't offset the dearth of investment that occurs with low oil prices. Maybe ERHC can get some deal, but it will be at a bargain basement price. It is a buyer's market and ERHC is selling.

[Krombacher]

replace the word "production" with "will produce because it has reserves estimates not just resource estimates".

Krombacher