ERHC Energy Inc (ERHE)

[walldog0]

BB....

I think a buyin/out is a moot point, because EO is not going to get anywhere near what he wants, price wise....and no oil company is going to offer EO what he wants.

I think Pioneer,Devon and Noble have probably already tried to buy ERHE...and EO laughed in their faces! and then EO basically got rid of them for insulting him, with such a crappy offer.

EO would rather find partners to fund the development of ERHE's assets....and there are, and will be plenty of suitors for that job.

I've always contended that ERHE will be a cash cow,...and you don't sell a cash cow.

With EO's political clout, and cash rolling in, he will look to the troubled Niger Delta's shallower water to secure leases from the government,and with his connections and Chrome Oil services he can drill on that turf.

With the Nigerian government's approval, and backing, plus his own power in the Delta Region, using total local content...EO may be the only man alive who can drill and prosper in that troubled region.

Drilling shallow water is pretty easy, there are plenty of rigs available, and plenty of local labor to do it.

Let the big money fund and drill the deepwater,...and let Chrome drill the Delta...jmho