The company did an incredible job staying in business long enough to participate in a well actually being drilled. Even though PN and SO destroyed almost all shareholder value in the process, at least ERHC still exists and those with 5 cent shares have a chance to profit. If oil is found, the stock has a chance of retesting the bogus big jane/kaboom rumor high of .43; depending on how much oil maybe even surpassing it. That's about as positive as I can get considering the balance sheet, unknown share structure and large amounts of cash ERHC will need to stay in the game beyond this first well. Even .20 would be a huge gain from current levels and should please a lot of people. Hell, at that price even PN and SO could begin to dream about seeing some green on their insider trades. How's that for being positive?
Sorry I can't jump on the $14 or $50/share bandwagon, but to be clear, higher prices are not a given by any stretch of the imagination. Just look at the $3,000 worth of volume today and 8 cent share price even after the drilling news has been disseminated. Lots of weight hanging around the neck of ERHC.
