ERHC Energy Inc (ERHE)

[Stay the Course]

Fishdog, Oilman: Nexen announced 200-500 million bbl reserves from basis of one well at Knottyhead in Gulf of Mexico today, with partners Chevron and Anadarkao (ERHE partners too) plus BHP. So depending how you view the potential there, could say it is "up to 500mmbbl", and I think that is what Oilman sees JDA saying.

Nevertheless current industry outlook indicates 4-5 years (even more) from discovery to first oil in the likes of a OBO-1 water depths, so ERHE becomes a play on potentials that become more real and less risky as production approaches, all positive, but sure may take some time.

Which is why it can be a stock for staying the course, no telling what fluctuations can go on this year. All IMHO as they say!