ERHC Energy Inc (ERHE)

[tryoty]

Block 11 had little to no seismic. Block 4 has substatially more. That adds value. It is possible that they've had an offer or offers with cash and carry, but for more % than they want to part with. With their back against the wall I can't imagine any offer being "nice".

"Let us think about it" awaiting Tarach-1 results is what I'd do. If Tarach hits they are in a much stronger position. If Tarach is a dud, they grit their teeth and take it like men.

Remember the last filing in the "going concern' statement...

"Management believes that the Company’s current operating strategy will provide the opportunity for the Company to continue as a going concern"

What else could it be? Please don't say dilution, with this market cap they can't raise enough to buy a Happy Meal. That's a non-starter.