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Krombacher

04/24/15 9:37 PM

#301748 RE: nwtf #301747

1) ERHE definitely. We have two chances in Kenya, plus chances in Chad and the EEZ. If I had to choose between cash and properties, I'd take properties...cash will come later with farm ins.

2) ERHE definitely in better shape, for the reasons above.

3) HDY has the higher share price and higher market cap. They also have more cash.

4) ERHE has had a lower share price and lower market cap. That makes ERHE quite the value.

5) This is getting redundant...so just read the answers above.

Krombacher