Replies to post #133338 on ERHC Energy Inc (ERHE)

[tryoty]

"Yesterday's news was horrific". You are overdramatizing more than a little bit there Strass.

Petrobras yanking these rigs out from under Addax was bad for us, no doubt. But put it into perspective, those rigs were yanked some time ago and Addax has maintained it Q4 target date, rig willing. If there were no other negotiations that were very close they would back off that date. They haven't.

Second, a rig of opportunity has been frosting on the Aban Abraham cake from day one. I'm not saying losing those rigs doesn't hurt, but Addax is still indicating they can frost that cake.

So I think "horrific" is a bit strong.

[tryoty]

oops, duped it.


All thoughts expressed above are the personal opinion of this poster.