Replies to post #324301 on ERHC Energy Inc (ERHE)

[DegenerateGambler]

To update this risk versus reward scenario in today's market. What are the chances of ERHC finding oil? How much will the share price go up if oil is found?
Answers:

Chance of finding oil = 1,000,000,000 to 1. (One billion to one)
How much will the share price multiply =. 1,000,000 (a one million bagger)
Conclusion = bad investment, especially if the company has a going concern warning in their filings.

One is better off buying a lottery ticket then investing money in ERHC.

[midtieroil]

Sure there was some bad luck in not hitting oil in Kenya and the JDZ. But the partners ERHC ended up with had a lot to do with it too. None of the partners ERHC ended up with would be in the upper echelon of technically respected drillers. Sometimes what looks like bad luck has more to do with bad choices.

I wasn't particularyly happy with our partners in Kenya or the JDZ for good reasons.