Replies to post #157380 on ERHC Energy Inc (ERHE)

[magicatlast]

My opinion exactly, bayfisheri! If it were put to a vote, I would vote against a merger prior to drilling.

Magic

[oil-cowboy]

All I want is a real good boost from where we are (1.50/3.00) and be able to keep the upside in the JDZ. Whether that come from a merger/ buyin.. whatever. I'll take it.

Rest assured, Offor will be keeping the upside. No question in my mind.

[ccy]

If the current stock price (~30c) were the place some group would launch an offer by adding some % premium, would shareholders like the offering price?

[mickey94]

Addax would have a strong incentive to buy ERHC if the company proposing to buy Addax wants to own ERHC as well, but for some reason can't buy us directly (read China?). This would put SEO into an excellent bargening position.
If China wants us badly, and if Addax believes it, and we, are sitting on huge potential oil, the cash would flow streight from China thru Addax to us.
I'd be happy if we got $3++ per share in trade for Addax shares. Then when Addax doubles, or more, in value (company maker), we could pass that $10 target.
It would be even nicer to thus sell our current assets and keep the EEZ for future profit/deals.
The least known factor in this (all my opinion) is SEO and his plans and options.