Replies to post #245021 on ERHC Energy Inc (ERHE)

[Julius Erving]

"We still don't know how fast Chad will develop, we only know the minimum progress required to keep the blocks."

Isn't this very point you make, the problem in a nutshell?

Peter is a bad salesman. Look at the share price, with these very valuable blocks... these blocks are literally 'priceless'!

[dbernet]

We may or may not get a more aggressive work schedule on Friday, but it will be interesting to see the board reaction if we do.

Manic depressive comes to mind. Reminds me of a bunch of helicopter parents.

db

[tryoty]

dbernet, "We still don't know how fast Chad will develop, we only know the minimum progress required to keep the blocks."

If Peter Ntephe didn't have a four year track record of doing the absolute bare minimum contractually required I'm sure many of us wouldn't be upset.

He has spouted "increased shareholder value" for FOUR years and delivered as little as he could and a 12 cent share price. It's obvious this company has no corporate governance looking out for shareholders. That much is obvious.

[midtieroil]

To me, really good terms from the host country means that Chad was pretty desperate to get what they could from these blocks. A very low signature bonus and a very low investment requirement over a very long time period is not a good thing in my mind. I have to admit I know very little about these blocks from a geological perspective but the one thing I do know is that you usually get what you pay for. These terms are not indicative of blocks that are "very valuable".