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midtieroil

01/03/10 12:13 PM

#192836 RE: Tamtam #192819

I remember every single word I say. At time I was thrilled that ERHE's management did not go out and blow all of ERHE's money by buying a bunch of poor properties at inflated prices when oil was at its peak thereby endangering the very existence of the company. They tried their best but fortunately failed because they couldn't get the money. In other words, I was thrilled they did what they were hired to do, nothing. Lately they once again have been trying to pretend like real oil people instead of just being quiet, not doing anything and not saying anything. I can't believe they are now trying to buy marginal properties in Nigeria. It would be great to have some cash flow but it is irresponsible to do it in Nigeria. Then there was the 5 million they lost. Combine that with their total bungling of the dissemination of info on drilling operations to shareholders. They should have told us upfront that no drilling results would be released until all drilling was completed. They didn't. They should have kept us informed on drilling operations like spud dates, drilling depths, zones being targeted, and when the drilling was completed. They didn't. And to say Sinopec would not allow it is a lie because they have allowed it whenever they were asked. These things are so basic that you would think anyone could do it. Apparently not.

I'm in this for the properties ERHE owns and the oil which is in the JDZ and the EEZ. The ONLY thing I want from management is for them to stay out of the way, keep quiet and not screw this up. Come to think of it, maybe they should just pull out of the Sub-Sahara conference. I can't see anything good coming out of them being there.


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ERHClongtimer

01/03/10 3:12 PM

#192843 RE: Tamtam #192819

Dank u, Tamtam!