Replies to post #159532 on ERHC Energy Inc (ERHE)

[Nightdaytrader]

bsk2007 - his river of ocean wasn't real. I've talked to real petroleum engineers who have drilled in deep water all over the world (including the GOG).... I've shown them the pretty Addax Petroleum slides showing the JDZ..... They all say the same thing..... Pictures are nice and look promising however, until you drill, you just don't know what's there... So this river of oil talk is just a dream.. I hope it becomes reality because I'm long on ERHC but for now, that's all it is..

As for the so called oil men on this Board, go back and read their posts for the last couple of years. Their predictions have been wrong over and over again...

ND9

[tryoty]

bsk, thank you.

Thank you for not feeling threatened by my decision. Between you and Hawk #3 you are about 98% correct. I bought a big chunk in the 0.11's with money I had no business risking in the market.

I have taken that off the table, as I should.

[kobiashi2000]

I agree 100%. That is exactly what I was thinking and what I posted a few weeks ago. I think Offor gets his $10 through Addax appreciation and as a result, so do we, and I'm hoping we're both right.

[Fishdog]

Well, $35K less short term capital gains (ouch). But if a $3./share deal is announced next week ..... uhmmmm, how much of a profit did he make again?
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I was wavering a month ago about a deal pre-drilling. Recently, I have moved firmly into the no deal pre-drilling camp. SEO would simply be leaving too much on the table, and his downside is still limited regardles of Kina outcome. Outstanding Kina results could lead to a bidding war for ERHC which would leave Addax gasping for breath.

One other thing. I wouldn't have the huevos to trade ERHE before November. Could end up being the worst trade one ever makes.

Affectionately yours.