Replies to post #168312 on ERHC Energy Inc (ERHE)

[majicathome]

the only dance erhe seems to do is the Limbo :-)

[RKT989]

good post Red..

[Rapp]

Tom, (redinvest) I like and agree with your post. Nothing more to add.
Rapp jr

[Opus X]

Red, a question for you and/or group.......since ERHE has the "free carry" oil, wouldn't ERHE valuation for it's reserves, proven or otherwise be at a higher figure than the figures kicked around?

Thanks,

Opus X

P.S. Just reading through the IH messages since last weekend. Saw that Addax has offer, but didn't spend anytime on computer. Had a great time in Vegas. Family trip (kids are now all in 20's) Didn't have time to connect DegenerateGambler, hopefully in the Fall with all the ERHE'ers!)

[nevERHEsitate]

That's right. If you're in ERHC as an investor and not as a daily trader, there isnt much to do/care about the current fluctuation. The real numbers will reach the surface right next to drilling. That is the only right time for an investor to properly evaluate ERHC share price.

[Stay the Course]

Red: What scientific data exists to indicate, as you allude to today, that reserves may turn out to be more than the P50 figures from Netherland Sewell (NSAI)?

Firms like NSAI prepare their estimate calculations so they are sound whether on the buying or selling, e.g. farming in or farming out side of the table.

There seems to be a continued general belief on the board that reserves will turn out higher but I can not remember seeing anything to properly substantiate that view.

Do we have anything better, other than anecdotes from rig hands or someone who maintains he/she saw some of the logs?

I do appreciate your thoughtful posts.........

Best,