Replies to post #279697 on ERHC Energy Inc (ERHE)

[oil-cowboy]

So the rumours of a pre drill JDZ buyout did have some teeth? Imagine that.

IMO they wouldn't sell this crime around either. Dr Thuo won't let them....lol.

Anybody got any good rumours??

[midtieroil]

Ntephe has said things are going well for the last decade. But the reality is they have seldom gone well. That is the crux of the problem with ERHC. He NEVER says things are not great. He NEVER admits his mistakes. He NEVER gets things done in the time frame he says he will. And the Market HATES all of those things. A little honesty and accountability would go a long way. But you won't see much of either at ERHC.

[gap5473]

How about share offering looks very encouraging LOL

[badog]

CEO just said their farm-out of part of the Company's interest in Kenya Block 11A in northwestern Kenya is going well. If this isnt a buy signal, what is?

Do you believe everything he says at this point?

Part of the problem, as I see it, is that many here have believed whatever the CEO has said without confirmations and/or details. What info he leaves out...the important parts...is highly speculated on based on what some want to believe. And they try to get everyone else to believe what they believe using dots (that really don't connect) as assumed facts.

You are welcome to believe whatever you want but I did myself a big favor back at the .68/share mark by not believing the speculation. I only believe what I see. I don't see a JV yet in Kenya. I don't see any progress in the EEZ yet. I don't see any progress in Chad yet. The JDZ is toast IMHO. I do see our cash continue to dwindle. I do see talk about things that cannot be backed up with details.

I've watched this too many years to be influenced by speculations and the false merits of high risk - high reward. The high risk always seems to pan out...but not the high reward. This reminds me too much of Blackjack where if you keep doubling down you may eventually get your money back.

I want to see something positive actually take place that would lead me to believe that more positive things might take place. Then I might be interested again. Until then I'll keep dropping in.

Badog