Friday, May 27, 2016 5:25:40 PM
CEPSA then chose not to drill the second prospect, which in their eyes would only drive the purchase price up.
Again, IMO, this well will be a discovery, and I am starting to think far bigger than has been estimated to date, and ERHC will be bought out within six months, probably much less.
I just cannot see a future for ERHC as a company after what Ntephe and Odobulu did to shareholders.
Let's hope they underplayed prospects so that they can over-deliver and we finally get a decent valuation and buyout.
It's long overdue for this story to end.
People maintain anonymity for a reason and it is rarely noble.
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