Replies to post #177885 on ERHC Energy Inc (ERHE)

[balance_builder]

No kidding.....imagine that. Can you elaborate Ruby1100???

[FINWIZCAN]

Can't see it being any less, given 500M bbl in the JDZ + the EEZ rights.

Also, why would SNP not want to instantly own the majority of the JDZ. ERHE is an easy takeover, basically no employees, no infrastructure, no debt or capital equipment to worry about, just RIGHTS and INFLUENCE. A $2B share deal would not dilute SNP, and would likely not even cause a one day blip in SNP's share price.

IMO

[Lickety Split]

RUBY1100,

How can you say Done and Done, then say in the next breath -

Depends on Drilling. Either it's done or it's not and your post does not sound like a Done deal to me but a May be done, IF drilling turns out as expected.

Please feel free to clarify.

Strass

[Nightdaytrader]

Ruby1100, if we strike a significant amount of oil in blocks 2, 3, or 4, then $2-4/share won't be enough. Not to mention our other JDZ blocks plus the potential of our 4 STP EEZ blocks... Selling ERHC (722M shares x $4) for only $2.8B won't be enought for SEO (or this shareholder)....

JMHO. Time will tell....

ND9

[Digdeepforsweet]

Ruby1100; you have a history of posting news....for ERHC... thks. glta Dig.

[kobiashi2000]

I would be extremely disappointed if ERHC was sold for anything less than $5 a share, and at that price I would be upset. I've held for all these years expecting $10 plus, and I expect we will get that once all of our rights including the EEZ are exploited, of course, I expect our price to appreciate over the time as we continue to exploit more and more of our assets, but I would definitely be extremely upset if ERHC was sold between $2 to 4, with the vast majority of our rights untapped.

[balance_builder]

Multiple Choice Testing:

If I were to answer a muliple choice question inquiring my forward thinking for ERHC Energy Inc, I would answer in this order:

A. ERHC will be sold in the next 1.5 weeks to the Chinese for a sp between $4 and $6 USD. This would have to take place before any drilling results were known to either the buyer or seller.


B. Richkans theory of the formation of a new company that would likely involve SNP/CVX and lil ole AFREN. ERHC would sell into the new company and ERHC shareholders would receive cash and warrants into said newly formed company.


C. ERHC is sold after results are known from the Kina/Bomua and Lemmba prospects. No way, IMHO, would there be a pre-formed range of $2 to $4 (as the post I am replying to) should this be the game plan.


D. ERHC sells its blocks 2, 3 and 4 interests and uses the cash to buy controlling interest of Afren.....and their management.


So there you have it. I am still under the mindthink that we see a 12'th hour deal BEFORE any drilling results are known by any parties. In my estimation.....this would have to occur BEFORE 9-19-09....and most likely this very week. No, I can't explain the $.72 shareprice other than I don't believe SEO would base any deal on our managements lackluster growth scheme capabilities. All IMHO of course.

[Art2004]

Ruby, those are very fair estimates. Good to agree with you and Balance here.

[brez63]

Ruby,
Balance keeps referring to this post of yours concerning possible buyout values.

Was the post that I'm replying to "your opinion" or was it something that you had heard from a source?

Thanks

Cheers
Brez