While we very much would like to know, we DO NOT NEED to know. The information/data that we want to know is most likely critical to ongoing or future negotiations. IF ERHE is pursuing "a carefully executed acquisition strategy" (see ERHE statement below), then why would anyone expect management to blab any of the drilling data/information (think "critical negotiation ammunition") to any potential partners/customers/suitors? For the sake of self gratification there is the call for the company to strip naked (reveal all) and at the same time maximize shareholders value. These two concepts are incompatible!
ERHC is also working to diversify its holdings and build upon its assets in the Gulf of Guinea through a carefully executed acquisition strategy aimed at viable revenue producing properties.
It is more and more obvious that this stock is wrong for a number of shareholders. Rather than strengthening their holdings there is the non-stop call to take steps to erode the foundational elements that have the potential to make us rich. It is as if PETA members had bought shares of Smithfield Foods and asked for all the trade secrets of processing meat be made public. Total loss of perspective and reality.
Jim Long
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