petemantx,
I wouldn't count on any mention of overlap into blocks 2,3 or 4. Even if Chevron/Exxon suspect a possible overlap they are not going to jump the gun with information that could prove out incorrect. They would have to have strong confirmation. They are not that premature and careless with information. And I doubt that the JDA will speculate without some form of confirmation from Chevron. Maybe I'll be wrong?
I understand that we all would like to see strong upward moves on our shareprice but these kind of moves require a reduction of risk with an ever clearer picture of the value of our assets. Then it takes some convincing of larger institutional type buyers that ERHE management is sound and the controling entities are trustworthy. Maybe a restructuring of control also.
There is a lot to be accomplished but it's amazing how many positive things can happen between now and a year from now if they are pursued agressively by Offor, Brandhuber, Addax, Sinopec and Anadarko. And with each positive accomplishment we can expect an increase in our share price. So far in 2006 we have moved from the .30's and .40's up to the .90's - with moves like that it won't be long before we cross $1...then $1.50....then $2...etc.
Our name will get more and more recognition, hopefully we will move to a better stock exchange, drilling rigs will be brought in, oil will be found...this can all happen within a year with any luck. If these things happen we will be well rewarded in the share price. Then on to production and sales...and an even higher share price.
I try not to get too caught up in some of the wild and crazy speculation that you sometimes see on this and other boards. People sometimes get overexcited and want everything to happen tomorrow. We think that the rest of the investors should see what we see...now. But these things always take a little time to play out and we go thru a reality check with each event that doesn't run our SP up as much as we think it should. Short term flippers/daytraders/momentum traders may cause our SP to fluctuate quite a bit, as we have witnessed recently, but these will seem insignificant when viewed a year from now in the rear view mirror.
There are never any guarantees...in almost any investment. (i.e. Enron) but the ones that do give guarantees (CD's, treasuries, etc.)are for those that already have thier millions and want to protect them. But in regard to risk, It's not often (if ever) that you find a small company starting in the oil business with the advantages of ERHE...winning preferential rights in some of the most potentially prolific oil fields in the world, to partner with established oil giants such as Sinopec, taking little or no financial risk of dusters, recieving up front monies in the millions, and maintaining good sized percentages of the profits when oil is found. Whew!!! Unbelievable!!! Is that worth the risk? In my book it is...it definately is!!
So again, would I like to see ERHE's share price move up faster?...sure. But the day to day moves are not as important to me as the belief that six months from now, a year from now, two years from now... the share price will getting me where I want to go...with many of the risks already reduced or eliminated.
Regards
Badog
AI
