Replies to post #275463 on ERHC Energy Inc (ERHE)

[emdyal]

Yes incredible potential but hasn't Ntephe had sufficient time to have negotiated at least one deal on at least one of the ERHC assets ?

Maybe its only me but when I hear him talk with that thick Nigerian accent I am lucky to understand 3/4 of what he is saying. I wonder if maybe that is an impediment and scares off potential entities from doing a deal ? Maybe that is a silly point but he is the face through which the company is viewed ! I know its a different culture and other companies gets lots of deals done in Africa !

Whatever the reason its been $45 million, many years and besides getting potential oil blocks and having been given others, nothing is being advanced.

And of course the .075 share price is a reflection of all of this !

[midtieroil]

The last JV partner that ERHC signed I think was in 2005. What would lead you to believe they are suddenly going to show progress in 4 areas all at once and actually get something done? As I said before, I am looking for ERHC to do ONE thing right in ONE area so I can get out at a decent price because I KNOW there will be no drilling for at least two and probably more like 3 years from now. The ONE area showing any activity at all right now is Kenya. Everything else is moribund, has been for a long time and will in all likelihood stay that way for years. Still waiting for that ONE good thing to happen since the last unsuccessful well was spud in 2009, almost 4 years ago. Obviously the market was not that impressed with the acquisition of the Kenya and Chad blocks. Maybe that ONE thing will be this LOI which results in a JV partner, but then again it might not be. We'll see.