Consider this, Senerio #1:ERHE is being disrespected (ignored) by Sinopec. Create a business plan to go foreward as an indepenent entity. Result: Play hardball. Realize there is value (guaranteed) in JDZ drilling to finance Senerio #1. Accept buyout soon! Bob
Kayak, the problem is that BB's "predicted" deal was for the ERHC to be bought out, not for ERHC to buy some pettily ass oil well (or better said, drilling rights that are close to production). Come to think of it, doesn't the company have enough drilling rights on its plate already with the JDZ and the EEZ? I thought they were looking for an oil well operation that was ALREADY in production and had a revenue stream. But what do I know?
You clearly haven't been reading your favorite "psychic" carefully, Kayakbob. He's been tirelessly forecasting, promoting an imminent buy-in/out deal for years. One's always just weeks, if not days, away. And if you don't believe him - just ask Oilphant.
His latest post is more of the same. The deal he foresees is not company investment or expansion: "...in a nutshell, I will be watching closely today. By all indications to this investor....it is much further along than most on this stockboard realize."
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