Replies to post #263929 on ERHC Energy Inc (ERHE)

[emdyal]

As far as seismic work is concerned would it be fair to say that for the most part oil companies usually sub contract that kind of work to speciality companies ?

Even the employees on deep water drill rigs are hired through third party employment agencies. A friend of mine, as i believe I've said before, is a ROV operator and was recently hired to work on a rig offshore Nigeria, through an Irish company.

So isn't all this talk of ERHE not having the skills to preform these exploration and actual drilling activities essentially irrelevant and moot?

[Pepsiman2001]

Absolutely incorrect. The sole reason the share price is where it is has to do with drilling 5 wells and coming up (supposedly) empty. If we had hit oil while drilling, I could have been running the company and we would be valued much, much higher then we are now. Your share price theory is based on a false premise, imo. Therefore, everything you build off of that false initial premise would also be incorrect. It is my belief that if I didn't think this Mgmt team could create shareholder value by acquiring rights to prospective oil properties AND find a way to develop said oil properties, there would be no reason for me to be invested in this stock. But thats just me. To each their own.