Replies to post #317309 on ERHC Energy Inc (ERHE)

[midtieroil]

I think this company had the best chance of success of any small exploration company I have seen in my lifetime. They had 4 fully carried wells in the JDZ covering multiple blocks in the JDZ along with multiple blocks in the EEZ. This company should have been able to raise all the cash needed, sign competent partners who actually had the technical competence to find oil and should have diversified enough to almost guarantee a discovery somewhere. Instead they went with inexperienced management that had zero experience in oil and gas. We have all payed dearly for that blunder.

I have to wonder why some still support them after seeing what they have done. And I have to laugh when anyone compares this company now to what it was immediately before they drilled the JDZ. There is no comparison. It is really sad to see such a great opportunity squandered for no good reason. Like it or not the best result for this company now is a small fraction of what it once was. Some are fine with that. I am not.