There are plenty of things that ERHC can do to turn this around. But the best options don't necessarily involve throwing the current shareholders under the bus again and again. There are other avenues for raising capital - they will just need to farm out some of the assets they do have to work with. They have had some success at it but I think they can do better. A lot of the US shale gas properties are rapidly depleting these days and at some point the big boys will turn their attention to onshore and offshore prospects that offer better longevity and lower lifting costs.
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