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Re: oil-cowboy post# 304199

Friday, 05/29/2015 9:52:43 PM

Friday, May 29, 2015 9:52:43 PM

Post# of 361555
I agree completely oil-cowboy. Those that have been around here for years know how and why ERHE trades where it does. If a deal can be reached containing enough cash to get to Kenya drilling next Spring 3-4 cents is a very good guess at where it'll trade, and the pre-drill run-up could reach 10-12 cents if the Kenyan prospects are as juicy as we hope.

I don't care how Ntephe does it, but a reverse split **must** be avoided and the above becomes a very, very real possibility.

What will likely happen is flippers will flip, and the stock will keep going up, and the flippers will buy and reflip, wash, rinse, and repeat. There is no way to predict how low the high will be, or how high that high might be.

I've only seen this once before, on a much lower scale re: share count... that stock ran from 37 cents to $29 in 7 months on little more than hope. It made it to a billion dollar market cap with far, far less in terms of assets than what ERHC has.

I am going to sit back and watch what happens over the next 12-18 months. Even a sniff of oil and... <fill in with your targets>

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