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Tuesday, June 06, 2006 12:41:28 PM
it isn't a priority AT ALL right now. SEO used his influence to secure significant rights in the JDZ.
Why? to turn around and sell those rights before proving oil?
Nope.
Did he secure those rights just to sell ERHC to the highest bidder?
Nope.
Sir Emeka Offer used his influence to secure rights to a significant portion of the OIL that is in the JDZ and STPEEZ. They haven't even poked a hole to prove out anything let alone set up any production rigs. SEO and to a lesser extent, Mr. B could care less if the share price went to a dime. it is irrelevant right now. They know that at the end of the day the rights they have will justify a market cap of $10B maybe even $20B, if they hit the mother load. Gotta poke holes to find out, and until they do, this share price is going to meander up, down, and all around.
Play it if you have the stomach for it, but don't be out when a buy-in announcement hits... which could be early next year... or tomorrow.
![wink](/images/emoticon03.gif)
ERHC's share of JDZ oil; 1 billion barrels. Once proven, ERHE will be $10+. All we need is time and patience.
Nuf said.
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