Its not a sinking ship, its only to those who were expecting to get rich overnight, cough, cough, I mean those who held 8 years like myself for drilling. lol
no ERHE will be back once the EEZ and JDZ get drilled but the issue here is simply more and more fortnights if not years for new PSCs / new drilling campaigns / analysis and results
and now more than ever the JDZ phase I appears to be far less than expected amongst the many years of hype and potential of giant finds
perhaps there will be commercial oil and gas - but for now assume NONE
Shares at .20-.30 are basically risk free long term
no rush to buy presently
maybe Oilphant got it right about ERHC going private eventually
ERHC Management are a sad bunch - 10 years never over $1