ERHC Energy Inc (ERHE)

[emptynester1]

We all know something will be announced Dec. 15. This company is frustrating to get information from, but through shareholder pressure it seems they are forced to put something out there that is a general goal just to appease the shareholders. But many seem to not realize, things change daily in business, especially the oil business... We are a minnow, we try to make deals to try to become a whale, the big whales aren't to eager to let a minnow become a whale, so deals change, price of oil changes, fields that were left for dead get a second life because of new technology, politics etc.
IMO SEO is trying to make a bigger footprint in the Nigerian oil arena. The only thing he can do right now is to scoup up small marginal fields, he will continue to do this to give ERHE a bigger presence in the Nigerian oil community thus making it a better acquisition for Sinopec. Sinopec needs SEO to get EEZ blocks, marginal fields etc. right now. This will continue until
Sinopec feels a strong enough footprint is stamped by ERHE, then an acuisition will take place. The JDZ will have commercial oil, Phase two will be announced soon, maybe Dec. 15, EEZ will hold their bidding in early spring (if things don't change again) and we will get nice bump in the SP. $1.50 to $5.00 until things get signed won and more drilling is done in the other blocks etc. Again IMO Good luck to all