Now, we’re not on the lookout for firms with nothing however a pipe dream. Or those that declare to show lead into gold… or water into gasoline.

We’re on the lookout for robust tales that spotlight the true potential of a enterprise.

One firm embodies this pondering completely - ERHC Energy (ERHE).

By no means heard of them? I am not stunned. Regardless of the corporate’s mind boggling revenue potential, few traders dig deep sufficient to uncover a gem like this.

Here is their story…

All of it begins over a decade in the past. Again earlier than the true property bubble and the wars in Afghanistan and Iraq. Earlier than 9/11, the dot com bubble, and the Y2K bug. Again when oil costs have been a paltry $20 a barrel.

The yr was 1997. ERHC simply found a possibility for deepwater oil drilling off the price of West Africa. The corporate entered into an unique three way partnership with São Tomé & Príncipe, the nation with management over the rights to the world.

Sadly, like most issues in life, nothing goes as easily as planned.

Apparently, Nigeria additionally laid claim to the identical areas. After years of negotiation, the 2 nations determined to work collectively. They fashioned a Joint Development Zone (JDZ) for the realm.

In 2001, ERHC was awarded exploration and manufacturing rights within the JDZ.

ERHC’s curiosity within the space continued to broaden. By 2005, that they had secured an financial curiosity in quite a lot of blocks. Every block represents a special drilling alternative. The corporate was additionally actively working with main exploration and manufacturing corporations to assist with exploration.

They’ve recognized a number of the most promising areas. And within the subsequent few months, they’re going to begin drilling exploratory wells.

The potential for ERHC is large.

Relying on the worth of oil and the dimensions of the undersea fields, the oil they uncover might be price BILLIONS.

This sort of information could not be extra thrilling for the shareholders and the inventory. Each bit of reports in regards to the JDZ helps push the inventory worth increased. New developments and discoveries, information of partnerships… even the rising worth of oil are all serving to to propel ERHC’s inventory to new ranges.

ERHC efficiency for the reason that starting of the 12 months is nothing in need of wonderful…

The stock rallied from 10 cents again in December to greater than 70 cents a share… a return of 620%. It proves once you get behind a penny inventory with an important story, the returns could be spectacular.