Replies to post #160454 on ERHC Energy Inc (ERHE)

[midtieroil]

I believe OBO-1 was drilled off-structure for one reason and one reason only. That drillsite location allowed them to test the most different plays with a single well. It was a well drilled primarilly for informational purposes about the entire block. And that is why I believe Exxon sold out. They did not like what they saw. That means very little for our blocks or even the rest of Block 1.

I think they got some very early shows on that well which they didn't expect that raised the excitement level. But it petered out the deeper they drilled and the logging did not confirm what they first believed they had.

That is my interpretation. Of course everyone has the right to their own interpretation.

I am still very confident in this investment but I do believe it is good to keep overexuberance in check. There has been way too much of that here for years and I think it has harmed the share price. But I suppose it will continue anyway. The traders will do what traders do. Raise expectaions and then lower them and try to make money every time they do it. I hate to say that some people here have been played and are still being played, but I believe that is the case.