ERHC Energy Inc (ERHE)

[ERHClongtimer]

Eoim's comment earlier today in which he says, "The big dome at Kina (block 4) makes the structure at Agami looks like a child's play," keeps me in the camp of those who think ERHE will hold off from a buy-out until after drilling.

A buyout offer would have to be very, very compelling for ERHE to sell out beforehand. Perhaps some sort of buy-in deal might happen wherein ERHE continues to benefit from its holdings. But I think it would take some sort of outside dynamic to cause it (SEO or defensive measure against political intrigue). Still, with the concrete information we have at present, IMHO the odds are against a buy-in/out deal being presented at the shareholders meeting.

Either way, longs win. I still remember the aire of calm and assurance at ERHE's last conference call--like someone who's sitting in the catbird's seat. Schrull's, and now eoim's, comments just confirm the fantastic position ERHE is in.

We will not have to wait 5 years for our ship to come in. If the prospectivity is as great as has been indicated, the drilling to be done in the next year or two will be enough to call our ship home. Thank SEO that we have a partner (Addax) that is not tight-lipped about its discoveries.

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