ERHC Energy Inc (ERHE)

[midtieroil]

I think EHRE is interested in all sorts of acquisitions. Unfortunately they don't have the money, don't have the expertise, they don't have the staff, they don't have the share price, they don't have anyone that will lend them money, they don't want to risk their EEZ and JDZ assets by doing something stupid, they don't want to dilute their stock, they don't want to take on debt, they don't have the balance sheet and so far they've shown common sense and haven't pulled the trigger and let's pray they don't. They already avoided one disaster by not buying a producing asset when oil was $140 so lets hope they are bright enough not to do it now either. It's the wrong time.

I also think getting two rigs is highly unlikely. They can't even find one so finding two seems like an impossibility to me. But we can all dream I guess if it makes us feel better.