ERHC Energy Inc (ERHE)

[tryoty]

I think a big clue came when CEPSA decided to not drill the second planned well. IMO, they got wind of ERHC's presentation back in December that clearly stated they would consider selling the asset, or the entire company, upon a discovery.

CEPSA then chose not to drill the second prospect, which in their eyes would only drive the purchase price up.

Again, IMO, this well will be a discovery, and I am starting to think far bigger than has been estimated to date, and ERHC will be bought out within six months, probably much less.

I just cannot see a future for ERHC as a company after what Ntephe and Odobulu did to shareholders.

Let's hope they underplayed prospects so that they can over-deliver and we finally get a decent valuation and buyout.

It's long overdue for this story to end.