Replies to post #90136 on ERHC Energy Inc (ERHE)

[DegenerateGambler]

Speaking of the 39 cent shareprice. It appears the market did not like the PR. As has been said, all fluff no meat. As I said, No CEO, No DOJ resolve, No oil proven. This results in the doldrums and with the doldrums the shareprice drifts lower. Okay, another buying opportunity now the share price is back in the thirties. Load up!

[dbernet]

1.2 x .39 = .468

[kobiashi2000]

Just because the market is failing to properly realize the inherent value in ERHC shares does not mean that a potential suitor will be able to buy the company at the current market prices or even near it. A potential suitor will have to pay a premium to what ERHC's assets are actually worth, and that's a lot more than the current share price. IMHO, there will be no sale or buyin until oil is struck, with Nigerian blocks with proven oil going for $3 Billion, there is no way Offor sells anything until we have oil, and even then I suspect he'll wait for drilling in the EEZ, were ERHC has 2 100% blocks. I don't see drilling in blks 5, 6 or 9 for quite sometime, but I would not be surprised to see oil pumping from 2,3,4 and the EEZ within 6-36 months for all those blocks.

[vip1999]

"...Who would pay 600 when on the open market you can buy for 39?..."

I bet one can not buy 360 million+ shares at or around .40(given there is oil under those blocks). I don't even think one can buy more than 36 million shares at .40 at the moment... but, that is JMO