ERHC Energy Inc (ERHE)

[tryoty]

Agreed, ACH's Addax response was a definite WOW!

I would VERY surprised to see Addax NOT get eaten in the 2007-2008 timeframe, maybe sooner. ERHC on the other hand, I think is poised to wait for full value. I think Offor's first priority is to build a large oilco. Second on that list I believe that he will sell out, for the right price, and that price won't be set until all proven in ERHC's blocks is known, and it will be sold at a premium. His first desire is to build a company. But as the saying goes, ANYTHING is for sale for the right price. If ERHE gets bought out, it's years away.

JMHO.

Also, I found it interesting that Addax is looking for "a rig or two". They aren't very big to be scrambling for two rigs in this market, kinda pricey, unless their pockets are about to get deeper.

Thanks for all your (and others) input today. It's been a good I-Hub ERHE board day!