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Re: balance_builder post# 111331

Sunday, 11/11/2007 10:47:37 AM

Sunday, November 11, 2007 10:47:37 AM

Post# of 367194
BB, I like your theory. A large collaborative group coming together to explore the JDZ and EEZ would certainly be to our advantage, given the prodigious rights we hold. Many possibilities are out there. IMO, there are many (EO, JS, CVX, ETC) who have a very good grasp of how much oil is down there. They certainly know a lot more than any of us individual investors.
Buyin, buyout, formation of a new entity, share swap Addax/ERHE
are all possibilities. I have never sold or traded ERHE. Over the past five years I have added when possible having started at .08/sh. Now w/ six figures plus, am comfortable w/ just letting it all play out in due time. However it all plays out, IMHO $5-6 per sh is not at all an unreasonable expectation, particularly w/ the move toward $100/barrel oil.
Thanks for your constant and consistent DD and dot connection.
GLTA...
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