Replies to post #8857 on JDZ Nigeria-Sao Tome e Principe

[sneak-attack]

Ruby,

I know you said to BB $2 TO $4 done done. Why would you think of such a low price with the EEZ blocks being released in Feb. 2010, Offer may wait for his EEZ blocks and the true value of ERHE'S holdings (proven) before he sells, or unless they meet his price. This stock will continue to be tossed around by the day traders and MM until a buy-out deal or an increase in true value is reflected by proven oil reserves. SNP could used the purchase price of $30 to $50 billion in cash for the 50% interest in the 16 blocks in Nigerian waters as a foundation for a floor price in any buy-out of ERHE. China is offering $10 to $15 a barrel for about 3 billion barrels in the Nigerian Blocks that are in Play.

Your thoughts please.
Sneak