There is one very important factor out of all this. Finding OIL! if Block 1 strike the big one. speculations will be the neighboring block will as well. next few months will be pretty exciting again.
I think there are a lot of assumptions going on here. I know I'm making quite a few buy staying long & adding on dips.
'wish I could be more confident but the minimal communication that we get tells me that there are too many variables still up in the air.
Recent events seem to suggest that the geopolitical ramifications of Nigerian oil are as important as the economic ones, if not more so.
Because Chrome controls ERHC (something I haven't seen discussed here) it is becoming increasingly apparent that ERHC is more than just a participant. The Nigerian connection maybe the key leveraging factor beyond property rights. If that is in fact the case, ERHC (aka Chrome) can virtually dictate it's future provided it corresponds to the best interests of Nigeria.
What ERHC cannot control is what lays within those blocks & the speed by which they are made economical. I just hope we don't see more shares issued and that the $18M will be sufficient to cover near term expenses until we have some drill reports.
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