Replies to post #267728 on ERHC Energy Inc (ERHE)

[Krombacher]

Can a multi-dollar share price come pre-drilling? Or do we have to wait several years for drilling to occur?

I think jaded investors here, who depended on the NSAI report for the JDZ only to find that Sinopec claims to have found nothing but biogenic gas may not be quick to hang their hat on pre-drilling studies in Kenya and in Chad.

I believe that onshore studies of seismic or gravity studies or what have you will be perhaps 10x more accurate than deep water seismics...but will such studies, if they claim to have found an estimated billion barrels, done next year be enough for us to see the same level of valuation in share price as if they drilled and found a billion barrels wherever it might be whether Chad, Kenya or elsewhere?

In other words, do we really have to wait a couple of years to get maximum valuation upon drilling success or will pre-drill testing be enough...i.e. only a year or so from now?

Krombacher

[oil-cowboy]

Yes sir, I agree. Also ERHE will be in more control than the JDZ. No more tight holes and lost rigs of opportunity. If we hit a duster another well can be drilled in mere months. Could get exciting once things start rolling, especially if we drill some consistent successful wells. Booked reserves.. Imagine that!

It may be dead now but that can change literally overnight.

[badog]

If this sp can go to several dollars then what is the issue with waiting for more substantial potential validation and jumping in at .50 and gaining a safer multibagger? Waiting for lower risk to still obtain great gains seems like the better route. Several lower risk investments over time potentially have better odds then betting on total unknowns with longer wait times IMHO. The sp may currently indicate that the majority of investors seem to prefer my route.

Badog