Replies to post #140308 on ERHC Energy Inc (ERHE)

[hoehne888]

Thanks for the thoughtful reply.
An additional possibility is that AXC does not want to waste a significant positive announcement in this atmosphere of market negativity and volatility. At least one can hope so. Thanks.

[TopShelf]

Strategyone, Thanks for a well thought out post and good discussion from the board on this matter. It is of great importance to us. I agree, the timing with the markets the way they are is also a factor. But also Addax has shareholders that are part of this bad market and I AM SURE they would like to hear about a rig as well ASAP.

As Addax said, they could double their reserves and if that is a lowball amount then....

Get that rig.

Respectfully

[TopShelf]

One other thing, if the rig still "might be working on a project for several more months", then it is not the rig for us. Addax said they wanted to drill this year.
I also did not say that the rig was sitting around doing nothing. I was responding to those who said that Addax may not be able to talk to crew cause they may be at home taking care of business. My point is that if they are at home then the rig must be sitting and I know the owners would not allow that. So in other words, the crew should be available for a meeting by this time.

Just to clarify. Not arguing the point.


Regards

[Opus X]

Very well said, S-One! While I still think that Addax should have mentioned nothing of the immediacy of the ROO because of any amount of risk, the fact that they did should mean that this is a high probability event. Gandur did not get to where he is today by shooting from the hip.

This board is worse than the media in "over-analysis". There are many positive attributes about this board and its members, but sometimes, you just need to shut it down.

Thanks for your comments,

Opus X

[amj23]

sorry, no they do not make 10X what they would locally, that would be in excess of at least 500k per year. they usually just do their assignments. they can quit if they don't want to go to another country, but 28on/28 off is favorable to most.

who said the rig just didn't stop their recent assignment. erhc has made the statement that they would be drilling within 2-3 months of signing on for the rig. we'll see.