ERHC Energy Inc (ERHE)

[DegenerateGambler]

I find it difficult to be that happy about the SP hitting 7 cents. I guess it much better than the 4-5 cent range that the stock was stuck in over the past month or so. But even 7 cents is way too low given the upcoming news and the possibility of drilling for oil in the next year or two.

My guess is most here need more than the teens to get even. In my case, it's the 30s and although that may happen some day, that day is way off. Middy may have it right to jump ship at 15 cents which is possible this year. The SP may hit 15 when the partner is announced, it the deal is a home run (several well full carry).

The big question today is how solid is the 7 cents and why did the SP get there? Has news leaked about the government approval? My guess is DEFINATELY, and we should have a announcement before the end of next week. If the run up continues to 8-10 cent range, you can be more confident about the govt approval and at at a good partnership deal.