ERHC Energy Inc (ERHE)

[Fishdog]

This shouldn't be a surprise to anybody, frankly. It only stands to reason that Addax would want to acquire ERHC. Of course they are talking. But what would be the catalyst to driving the completion of a deal? Drilling, of course, which gets closer everyday now.

The good news is that Kina is going to be drilled first. The best prospect in the JDZ. It may come down to the Deepwater Pathfinder setting up on location before a deal is finalized - or discarded. Hardball is being played here because everyone expects Kina to be the key unlocking King Solomon's Mine.

ERHC is threatening to grow into an actual company through acquisition(s). Not what Addax wants to see, so this is also pressure that is forcing Gandur's hand. Perhaps one reason why ERHC has not actually grown as yet. After all, mngmt HAS passed on at least a couple of acquisitions which would have been really good deals. There is an intense game of Chess going on behind the scenes - don't be fooled by the silence.

One other thing ... we are way undervalued today. Take some time and search your couches and chairs for loose change.