ERHC Energy Inc (ERHE)

[ssc]

If you were referring to me, thank you. But I'd shy away from the $12 or higher price target if ERHC is lucky enough to find oil with this well. Anything over $1 - $2 is ignoring the balance sheet, dilution and dirty way this game is played imo. In the finding oil scenario, ERHC will be long gone if an offer anywhere over a dollar appeared, particularly with the positions of PN and SO.

But first some rather significant events have to unfold to get the stock above the big jane/kaboom fake rumor high of .43, imho of course. Thus far 19 cents appears to be a formidable barrier.