Any type of buyout of ERHE prior to drilling is complete and utter folly. And the larger the acquirer, the bigger folly it would be. Offor would have to be a moron to accept a buyout now even if it were at $5. And who's going to pay 1000% premium over market?
If you have an Exxon or Chevron take over of ERHE at $5 any discovery in the JDZ no matter what the size would never increase their share price by more than 20% due to their size. That means Offor would end up getting the equivalent of $6 a share.
Let's say Addax did the takeover. I would say for Addax that no matter what the size of the discovery is in the JDZ, it would do no more than triple their price. So we are then talking about an upside of no more than $15 a share. And that's extremely optimistic.
With ERHE as a stand alone company I think the upside is $45 or more. It makes no sense for Offor or other ERHE shareholders to give up a least two thirds of their upside potential and probably a lot more. It would be foolish of him to do so and it ain't gonna happen when we are this close to drilling.
You've been making this same claim for years and the closer we get to drilling the more ridiculous it becomes. I give you an A for effort and persistence on this matter but an F in believability. Try to think it through a little before you make this ridiculous claim yet again. Perhaps all that chatter you keep hearing is an intentional attempt to deceive you. You seem to be falling for it but I don't think anyone else here is quite that naive.
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