Replies to post #186608 on ERHC Energy Inc (ERHE)

[Art2004]

We have not gotten the "positive" news that the amateur retail investors have expected. They refuse to see that inter-related analysis will have to be done before further drilling and production plans are formulated.

We have not found huge pools of oil that amateurs such as myself expected based on other oil drills.

If these fields turn out to be like APKO which is definitely possible the price can continue to drop over the next few weeks.

But don't blame ERHC, blame the smartness or the foolishness of the buyers and sellers.

So as a retail buyer of ERHE stock your question may be good, but to an oil geologist it might not be as relevant.

Good luck to all.

[MichiganNative]

Puff....I agree. A very fair question indeed. There are a lot of very skilled bamboozlers out there and I just hope we aren't being played by some of them. Fifty five cents?!!! Doesn't seem kosher to me either.

[snayeman]

I have to agree with you, and it seems everyone is hanging their hat on the drilling results for the long awaited share price appreciation. And if they give a nice positive summary of what they found i agree it should do something positive for the share price. But i am a little concerned that they may be vague about results, or tell us more drilling and analysis needs to be done before they really know what we have. If this turns out to be the case and their is no deal in the works the share price will continue to spin at a level that many of us are a little surprised to be at. It is certainly disappointing to be sitting at .55 at this stage in the drilling campaign. We have all waited a long time for this event to occur and it does seem a little odd that we've drifted back down to this level, especially with the supposed positive tidbits we've heard! Hopefully the tide changes soon.

[eatlikeahippie]

I was in a long time ago and got out.
I am no oil man but I think when they drill they get more than a clue as to what is there.
Also this stock moves on insider info in advance of big news.
To say this looks bad now is putting it mildly.
A lot of old time posters who were very positive appear to have left the ship.