Replies to post #252252 on ERHC Energy Inc (ERHE)

[ts3221]

That market cap was based on the fabled meandering river of oil being priced in. Our meandering river of oil has turned out to be a meandering river of good old Kentucky windage!

Or Tennessee Windage if you happen to be a Volunteer (pun intended)

[midtieroil]

I think there were 18 prospects in the JDZ. What are the odds that 5 would not have any oil shows at all if there was a large amount of oil in the JDZ? While I still believe that oil will be discovered somewhere in our JDZ blocks, the chance that this will be an oil province with many billions of bbls of oil is now a very slim chance. So what will be the catalyst for this stock going forward?

I guess that success by Total in Block 1 will help, but they have drilled one well there and found oil. We drilled 5 and didn't. I guess that making the decision to go on to Phase 2 in our blocks would help too. But I think we are at least a couple years from drilling again there. I don't think that adding blocks that are years away from development will help much and I don't think ERHC has the cash to buy into producing properties.

I think what we must see at this point is some money in the door no matter where it comes from. I think doing a stock offering at this price is unlikely if not impossible. That leaves the JV partner route. That is what is needed NOW. We need someone besides Peter Ntephe to step up and say the blocks ERHC owns are "very valuable" and someone that is willing to put their money where their mouth is.

And until they do, this stock will languish.