Replies to post #259286 on ERHC Energy Inc (ERHE)

[ncwally]

You are not alone. "a wealth of information" I have been thinking the same for quite a while now.

[midtieroil]

I think Chad may turn out to be a very expensive mistake which was only done to save Ntephe's job. Many people looked at those blocks and were not interested. They were given back to Chad by those that had them. Chad could not even get competitive bids on the blocks. ERHC has committed millions of dollars that they don't even have. This money could have been spent increasing the value of their existing properties via seisic instead of squandering it on blocks nobody else was interested in. Ntephe pretending that he doubled the size of the company with this acreage is a joke. He doubled the acreage. So what? Anybody can lease non-productive acreage and pretend it means something. ERHC should have stuck with the JDZ and the EEZ or they should have bought producing properties. Another long term project with no JV partner that is draining out cash is not what ERHC needs now.