Replies to post #3568 on JDZ Nigeria-Sao Tome e Principe

[petemantx]

I feel the majority that have been here for years are looking for a lot more than $1 before moving on to other pastures. To have stayed til now and leave before the end of 2010 I would classify as nearly insane. This stock will still have more potential at $1 than most any other investment you can find.

To go back to my post comparing ERHC to the Triple Crown, selling before the end of 2010 would be like having Secretariat win the Kentucky Derby, then refusing to race him anymore or put him out to stud but instead rent him out for children to ride at parties because that would be a secure, steady stream of income.

We should all be in the black before this year is over; next year we will finally realize the wealth most of us expected from this stock.

For the first time I feel my timeline above can only improve, not be delayed.

[redinvest]

Likely a buyout or merger would be a share swap. A value will then be calculated by the split of the shares. I like this arrangement b/c it gives ERHC upside. If it's 5 bucks and upside, I may trim a little, but not much. I will be holding in the 3 buck range. Why ?? ..... because then the pps should gain considerably on favorable drill results, and THEN, there will be a substantial premium if our suitor gets taken out by a supermajor. Will SEO get his figure on all this ?? I think he gets close to it. So, no, my shares aren't tendered under 5 bucks. One dollar ?? Forgetaboutit !!

The JDZ is going to be one of the hottest commodities this summer. No way Addax is tight holing. If we hit the jackpot, it will be shouted to the media. Addax wants to sell and retire, and it's to their advantage to show and promote their best hand.

Will the archipelago and Nigeria try to squeeze the operators if the mother lode is proven ?? Forgetaboutit !! The JDA is autonomous. Neither the pinprick nor Nigeria have any standing changing the game. Besides, there is big power in the Nigerian ERHC shareholders.

So, it's all good. Sit back an relax and enjoy the game. We are very good in this space, and time is on our side.

JMO

Red