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Friday, March 31, 2006 9:07:52 PM
Meridian is smellin of JS tactics.
Yes there has been some pie in the sky Ghawar numbers fun being played out...
but the bottom line is *if* there's another Ghawar down there even those that tossed 5 grand in ERHE's direction will have their lives affected significantly.
Since the rumors started about the size of CVX find, what has happened?
ERHC has altered their BOD structure to comply with more senior exchange requirements.
What does that tell you?
While I'm sad to see Meridian walk down this path, he's going to walk down it whether I'm sad or not. If the field is as big as we've "heard" I expect Umbra to cross over next.
It's all about coin, don't think they're here to help you make more.
ERHC's share of JDZ oil; 1 billion barrels. Once proven, ERHE will be $10+. All we need is time and patience.
Nuf said.
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