ERHC Energy Inc (ERHE)

[balance_builder]

My view remains substantially intact with this 9 month old post.

One team is working very hard to get SEO to give up control. Thus far he's refused to do so. Same group continues to work to leverage the situation in attempt to get SEO to fold.

Tug of war that has been long ongoing. So far neither side has pulled the other across the line in the sand.

I don't think those tugging against SEO have the clout necessary (or the funding) to successfully tug or sway SEO over the line.

Should they "up" the ante....and SEO likes it and decides to go with it....it could turn out to be advantageous to us giving us a satisfactory starting price and a professional management team that would likely churn the waters with positive ERHC news to keep the new sp propped up. However, I continue to prefer mid/big oil to sweep us off our feet......and have a preference of our main partner, Addax Petroleum. Why? Addax is going to continue to grow quickly IMHO.

Guys/Gals....it is OBVIOUS that SEO isn't overly concerned of the sp. He KNOWS what he holds......and he knows the sp will eventually match the market value of "price per barrel".

Just my thoughts on a cold (43) MI morning.