ERHC Energy Inc (ERHE)

[ssc]

Just to be clear, when I say inconclusive I mean that based on the depths drilled China will say they need more drilling before they can determine commerciality (as was their plan all along). So no assets to feed the cash needs of ERHC, nothing definitive for at least 2 years, China continues to control all the oil and gas for future needs, and Offor finally lowers his price because he doesn't want to tie up more money for what could be as long as 10 years.

This has nothing to do with dry holes. It's all about China not wanting to share 20% of the JDZ with a Nigerian politico/gangster. And while he might have once mentioned $10, Offor will smile (a big Ntephe smile) as he cashes in his 1 cent/share investment for $1.50/share.

That's how I see it; maybe I'll be wrong for a change. By the way, thanks to you and Pete for your polite replies. Quite refreshing.