Replies to post #225434 on ERHC Energy Inc (ERHE)

[Krombacher]

emdyal, they are not done raising money. As DK says, more will be on the way. Although I might add that "marginal properties" may or may not be part of the acquisition strategy.

I might also add that this isn't just coming from ERHC management, but it appears the BOD is also in concord with the decision.

Krombacher

[amj23]

they get it, they just want to act like they don't. Not only can you not buy anything in the oil industry with 2 mil, you can't buy anything of real value with 50 mil. following the 50 mil , you have to have the personel to run it, the money to drill, further develope, service it, and so on. it is a joke. if there was anything of value for 50 mil, it would have already been bought by a real oil company with real oil men.

I have friends in Kansas that are developing a gas property currently, they have already raised 25 mil, drill a few wells, are out trying to raise another 25 mil to further their drilling and they have even touched the surface,.not to mention the fact, they are oil men who know what they are doing.