Replies to post #307706 on ERHC Energy Inc (ERHE)

[ssc]

I anticipate the share price being sub-penny until ERHC finds a non-toxic source of funding. IMO simply approaching drilling date will not outweigh those obstacles you posted: financing, staying afloat and oil glut. While anything is possible, I think with the oil glut and falling oil prices the drill date is more likely to be delayed than accelerated.

Now seriously, do you really believe the market will assign a market cap of $1.5 billion to ERHC just because of this 1st well in Kenya? Even back in better times, a 4 well, full carry effort in the much more prospective JDZ only brought half that value, and that's when ERHC had $40 million in cash to boot.