Replies to post #285079 on ERHC Energy Inc (ERHE)

[foxo1]

Hope springs eternal. It'll happen when it happens. I'll be here when it does

[oil-cowboy]

Its a start... that in itself is something to get a bit excited about.

Look at the volume in late Nov, early Dec.... millions traded daily and we barely budged. Last two days we have minimal buying and we effortlessly moved up. Something has changed... not sure what but my spidey senses tell me were going to get some news.

Way undervalued here... we were comfortably in the teens when Kenya and Chad were announced so anything under ten cents was a joke.

Its been a long time, but remember what a little momentum can do to this thing??

Could this be the beginning of a long uptrend?? I say yes.

[RubyMartin]

75% Increase In Less Than 2 Months. Plus everybody had a chance to lower their cost average.

I find it difficult to be that happy about the SP hitting 7 cents

[Krombacher]

You know, your comment does make me wonder...there was no news on the way down to 4 cents...

...so is there news on the way up to 7 cents?

what is the market telling people now? I wonder what ssc would say here?

For now, the market is telling me diddly squat. But hopefully something will come forward.

Krombacher

[tryoty]

15 cents on a several well carry?

ERHE was over 30 cents when Chad was announced. Then the market grew concerned about how exploration would be funded and it drifted lower. When the company added Kenya the stock rose to 15 cents, but again the concerns over funding caused it to drift lower, helped along by the Rights Offering at 7.5 cents.

Any deal for full carry for "multiple" wells would completely eliminate those concerns and I see no reason that the stock should return to the 30's... where it was before they had those blocks... and certainly higher going into that drilling.

We could see partnerships in Chad, the EEZ, and potentially a reincarnation of JDZ activity, all in addition to Kenya.

The elephant in the room is still the cash on their balance sheet... the lack of it that is. Will this Kenya partner improve that? Only the details of the deal will answer that. Will deals in the other blocks improve the cash balance? We won't know until we see those deals either. So the specter of raising cash is still why ERHE is in the single digits, IMO. When there is cash on hand and carries in their pocket, ERHE will run north like a gazelle.

The day this stock regains to your cost basis isn't "way off" in my opinion.