ERHC Energy Inc (ERHE)

[oil-cowboy]

ERHE offers a nice little basket of properties. I know the doom crew will say the buyout would probably be for 2-3 cents given our sp now (that's a 300% premium! lol). However with revised Chad numbers at around 250 million, and if Kenya numbers are anywhere near a billion in the ground, a very decent buyout number could be negotiated. I won't even guess but it could be far north from here.

All it would take are some solid buyout rumors.. Excellent Kenya numbers and voila, we'd be around .20-.30 cents, with a buyout premium we could very well be around the .75 mark for Managements bonus as Krom stated. Could happen very quick, as the chart has shown us a few times in the past

Sure is the most logical explanation of events IMO.