Replies to post #254379 on ERHC Energy Inc (ERHE)

[Julius Erving]

I hope you are right.

I hope you are right.

Peter's smiley video is from november 27, 2009

"Drilling of the Kina well in JDZ Block 4 and the Bomu-1 well in JDZ Block 2 began in August 2009. That was followed by the Lemba-1 well in JDZ Block 3, the Malanza-1 well in JDZ Block 4 and the Oki East well in JDZ Block 4. Addax Petroleum used the Deepwater Pathfinder drill ship in JDZ Blocks 3 and 4 while Sinopec Corp. used the Sedco-702 semi-submersible rig in JDZ Block 2. Exploratory drilling under Phase I commitments in JDZ Blocks 2, 3 and 4 was completed in advance of the required March 2010 deadline."

In my opinion he was only expecting gold, what caused him to smile constantly.

Ach...

[petemantx]

I find it hard to reconcile your belief that there is a development plan in the works for the JDZ with the recently published FAQ that states quite clearly that Phase I came up with nothing and our prime targets of BOMU, LEMBA, and KINA will not even be drilled again as they were analyzed to be barren.

I want to believe your view and keep clinging to that hope but it seems mgt would be in a sling with regards to everyone who sold based on the rotten results and dismal outlook (as I read the FAQ to be) and then a complete reversal and the JDZ is commercial. Right now the only positive news we have is from posters that hint at knowing something is brewing or that many big investors are still positive or some other inside knowledge which one can't rely on without knowing the position of those with so-called info.

I am not trying to be negative, just trying to be a realist. Sad state of affairs when so many question the veracity of mgt to tell it like it is. Do many feel they can hide behind the veil of "we only released what we were allowed to release by the operator" or, if they knew there was developments brewing, they should have just said nothing whatsoever about Phase I? To me that would have been the prudent action if there are some JDZ positive movements underway.

To be blunt, I have no clue right now as to ERHC but have a bad feeling in the gut since we appear to have a lot of expenses and no revenue forthcoming with which to pay them. I don't put any stock in PN's efforts to make us think revenues can be pulled out of the hat easily and I don't see a white knight that we can hope will come to our rescue.

[mz157]

so erhc is risking the company in the face of the SEC and other gov't agencies to please SNP? Doubtful... nothing commercial was found. live with it and move on. There are no conspiracies or secret wells or secret finds.

Besides all of this... there is no way that word doesnt leak in over two years of a big find in a new AFRICAN frontier, with a dirt-poor country invovled.

[TOB]

I have doubled my position under 10cents in the last year and feel this is a good investment. Glta

I’ve septupled my position under 10 cents in the last year and also feel this is a good investment.

[midtieroil]

The other scenario is that PN is Clueless and had no idea what the results from the drilling meant when he did his absurd Smiley Pete video. Highly likely I think.