Cat House

[Manti]

Take a look at ERHE. From my perspective, it's developing into a longer term investment. The company has always been tight-lipped, but this is what I'm seeing:

I think the officers hatched a long term plan to enrich themselves. They did this by using the convertible notes to drive the sp into the gutter where they were able to buy up a significant percentage of the company on the cheap. They've been buying shares steadily and now have almost 5% of the os for a few hundred thousand dollars, which would have cost them several million before the convertibles.

They have just inked a deal with Kosmos for one of their blocks in the EEZ, but they're keeping the details secret. I suspect it at least takes care of any immediate cash needs.

They've announced a 100:1 rs vote in December. My guess is there will be a merger of some sort to put them on a better exchange.

There will be drilling in their Kenya holding by the end of March.

They also have holdings in Chad and the JDZ, in addition to additional EEZ blocks.

Of course, they have to hit oil to really pay big, but the price is so depressed right now that it's the closest thing I've seen to a no-brainer in a long time. IMO it will at least have a nice run into drilling in Kenya.

It's at least worth taking a look at.