ERHC Energy Inc (ERHE)

[farrell90]

Magic our thoughts about ERHE are closer than you may think. The buyout plan you outlined is tenable and consistent with the limited information we have been able to gather. A lot has gone on behind the scenes and we are only privy to some tidbits. Certainly, Mr Ledbetter has reviewed a number of oil producing properties and Mr Bovell is structuring a financial plan to roll the properties into the new subsidiary to be listed on the AIM. While I believe shareholder value would be greatest if we stay independent, I think a buyout is more likely. The oil producing property will give us sustained earnings and should increase our share price. Once our sp gets closer to our true value, we will be able to negotiate a fair settlement. Once the events start rolling a deal could fall into place quickly. SEO still holds all the cards and I remain convinced he is going to squeeze every penny out of ERHE's suitors. With drilling on the horizon, Mr Bovell working on the subsidiary, the high price of crude, and the JDZ seismic information I remaim optimistic. JMHO Farrell