Replies to post #308978 on ERHC Energy Inc (ERHE)

[midtieroil]

No matter what happens at this point I will still believe they have done a pathetic job. They started with 40 million in cash, 4 fully carried deepwater wells, 3/4 of a billion in market cap and some of the most prospective proprties in the world. Now they will have not drilled a well in 6 years, have almost no cash, took the share price as low as .0003 and the market cap to under 10 million. I don't know how anyone could possibly say that is a good job.

Admittedly, they have one last gasp effort to make a discovery in Kenya. Maybe they will make a discovery but the odds are against. If they don't I believe it will be sayonara. If what they have done here is a good job, I'd really hate to see a bad job. This has to be one of the worst jobs I've ever seen of taking a once on a lifetime, fantastic opportunity and turning it into what I see today.

[midtieroil]

No matter what happens at this point I will still believe they have done a pathetic job. They started with 40 million in cash, 4 fully carried deepwater wells, 3/4 of a billion in market cap and some of the most prospective proprties in the world. Now they will have not drilled a well in 6 years, have almost no cash, took the share price as low as .0003 and the market cap to under 10 million. I don't know how anyone could possibly say that is a good job.

Admittedly, they have one last gasp effort to make a discovery in Kenya. Maybe they will make a discovery but the odds are against. If they don't I believe it will be sayonara. If what they have done here is a good job, I'd really hate to see a bad job. This has to be one of the worst jobs I've ever seen of taking a once in a lifetime, fantastic opportunity and turning it into what I see today.

[ferab]

It would be interesting to know what Midtieroil's comments were like when ERHE was priced at 90 cents a few years back???