Replies to post #275415 on ERHC Energy Inc (ERHE)

[Krombacher]

Yes but does HDY have both onshore and offshore properties? Does it have both East and West Africa.

Seems that while they may have an excellent partner with Tullow, they don't have nearly the same diversification as ERHE does. If they miss again, while drilling essentially in the same region...they're toast.

On the other hand, ERHE has so many blocks that with each penny of ERHE's share price you get at least one block if not two.

ERHE's blocks are well diversified, substantially reducing investment risk in my opinion. ERHE has essentially become a portfolio of a bunch of different HDY's but all within one company placed neatly into one stock.

If HDY soared to $7 on the prospect of a partner even before oil...what will happen if more than one of ERHE's portfolio of properties lands a partner even before a drop of oil?

I see the potential for a succession of partners...a partner in Kenya produces the money to partner up in Chad and in the EEZ.

Plus if the partner happens to be SNP or Total in Kenya...then doesn't that lessen the friction for ERHE to partner with these same companies in its other portfolio of assets more easily?

Just the prospect of all of that could have ERHE going far north of HDY's market cap height or even that of Africa Oil's.

What is the probability of all of this happening? Well given that one seems to hinge on the other...all it would take is for the first domino to fall...in my opinion.

Krombacher

[emdyal]

Can you imagine a $7 sp for ERHC ? Wow!

[midtieroil]

What we really know is that after HDY's unsuccessful well they regrouped quickly and have about 45 million in the bank, they will be drilling again in about two years from their failed well, they have a full carry on the next well, Tullow is now their JV partner and their operator, the West Leo rig has already been announced and the spud date is Q1 of 2014 when at least one and maybe 2 wells will be drilled.

On the other hand ERHC has no partner, hasn't even begun any exploration work anywhere, they are still at least 2-3 years from drilling anywhere meaning it will be about 6 years between wells, ERHC has no carry and no JV partner and under 5 million in the bank. One company recovered quickly and the other has been fumbling the ball for years since their failure in the JDZ. So once again, I see very little comparison between the two companies. One recovered quickly from their adversity and the other is still stuck in the mud with their wheels spinning.