I think it is flat out wrong that ERHE could not have developed into a real oil company with real oil people in charge. They certainly had the money to do so. What they didn't have was the will or anyone bright enough to realize the need. How can you have a guy running the company with zero experience in the oil business and zero experience in negotiating the sale of a company. Any track they were going to follow besides hitting gushers and immediately selling the company was not going to work with Ntephe in charge and it is obvious to everyone but the BOD that it isn't working now. Ntephe needs to go.
I have to say that some of the things that Ntephe has said and tried to do are plain stupid. No one in going to invest in a non-operating model where the people in charge have no clue how to make that model successful, have no experience doing it and have no oil experience either. The AIM listing is a joke. The only investors that might invest are ones that think the JDZ and EEZ still have potential. No one is going to invest in Ntephe's lame non-operated model absent the JDZ and the EEZ because it's a joke too. And the really sad part is, I don't think Ntephe even realizes it and he probably never will.
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