ERHC Energy Inc (ERHE)

[DegenerateGambler]

At this moment we all sit anxiously awaiting the LOI announcement of a partner. This is monumental for ERHC, as without a Rich Daddy to carry ERHC, the company will run out of money. But if the LOI is announced this gives new and likely long lasting life for ERHC. With this lifeline, ERHC carry likely follow through with Chad and likely be able to holdout long enough for something good to happen in the EEZ and possibly something to happen in the JDZ. Without the LOI the house of cards will likely come down.

But with a new partner in Kenya, the future looks very bright and the the SP will react accordingly. After the LOI announcement wil the SP hit 20 cents? I do not know for sure, but I sure hope so. Can the SP continue to go up from there? Why not, with all the other good things that may come around. Will the management option come into play? I really doubt it, but there is no harm in hoping for the miracle, is there?

I can not wait for the market to open next week and see if this recent uptrend continues. Is everyone out there as excited as me to see what happens next week? Can ERHC get into double digits? Can ERHC get back to 15 cents BEFORE any LOI announcement? Tune in next week to find out.