ERHC Energy Inc (ERHE)

[jbofthecloth]

Good and realistic post. Thanks. I believe, however, the one thing we can rely on is that ERHC won't be around if and when oil is pulled from the JDZ.

Our value will continue to rise based on drilling excitement (oil exploration stocks always rise on drilling expectation). Assuming drilling finds recoverable oil, the longer we stay independent, at least until our carries run out, the more valuable we are. The more work is done, the more value accrues to ERHC. For once time and trends are on our side. We will definately have to sell out once we have to start paying our own way.

We know Addax wants to find as much oil in the JDZ as possible and sell out - let someone else do the dirty work. Addax doesn't want to pay to fill ERHC's pockets. I beleive the only things stopping Addax, or anyone else for that matter, from making an offer we cant refuse are the investigations.

When ERHC becomes buyable, we are gone.