ERHC Energy Inc (ERHE)

[Strategyone]

I don't think Gandur is playing poker on this one. I think he simply learned from the last one that only needed "security finalized", that you don't say too much until official. I think he knows he has the deal done and why not just let the PR do the official announcement once the lawyers have reviewed the contract and/or the PR.

Let's just say that with what other posters here have said from direct contacts to the JDZ and with the Platts article, I have way more confidence that Addax has the deal done than last time where we didn't even know the name of the rig. These rumors have rig name, the number of wells (4), the date to arrive on site in the JDZ(end of 2nd quarter), the time to start drilling (third quarter), and the first prospect to drill (Kina).

If I had available risk $ in my account I would buy more here at .30 and any dips from here. Even in this market, I could easily see the price taking out the last spike to .61 when news is confirmed (IMHO), especially with drilling being a few short months out.