ERHC Energy Inc (ERHE)

[bayfisherii]

SSC,

no one can say where this stock will end up or what (if it happens) a buyout price would be. But it cannot be disregarded that this stock could have an exponential rise in share price if an unusually large reservoir is found in one of the first 3 or 4 drilling portfolios.

Let me ask you a question, If an elephant size reserve was discovered in Block 2 (this is only hypethetical), where do you think our share price would end up at? Do you think that ERHC at that point having production rights to 2 Billion barrrels of proven Oil would only have a 113% gain or even a 200% gain. At 2 Billion Barrels the share price could quickly run to $14 or more or close to 2100%.

Point being you cannot disregard a significant runup any more than we can disregard an average premium of 113% to quote you.

BayFisher