ERHC Energy Inc (ERHE)

[tryoty]

Addax mcap is $3.2B USD,

Adding their rights in 2, 3, and 4 in the JDZ to their already producing properties and it seems to me any buyout would be a no brainer for a major that wants a bigger slice of JDZ pie.

If CVX or XOM bought Addax they would be buying operatorship in one block and junior partnerships in the other two. Once the the reserves become proven and the risk is mitigated, the major gobbles up ERHE and suddenly has extremely attractive percentages in 1, 2, 3, and 4.

The majors shareholders would be very happy with that plan if it doubled or tripled the companies proven reserves. Now how do you get a major that doesn't believe ERHC Energy deserves to exist to fork out a fair offer for its proven reserves? That's the $64,000 question. Can or will Nigeria lean on them by threatening to withhold future blocks if they don't play fair?

Exciting stuff to ponder, albeit nerve wracking.