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Saturday, April 08, 2006 2:08:30 PM
But with world demand growing as fast as it is you never know how fast OilCo's can bring this crude to market.
Caveat, this all assumes multiple 20 bbl or so finds, otherwise we'll get stuck in the $20-30 range.
Darn.
Before anyone blasts me for hyping, look at my time frame, 5 to 10 YEARS. 99% of the folks here (not trying to be negative) aren't looking ahead 5-10 WEEKS. If you'll notice the tenth of a cent quotes you'll see MANY aren't looking ahead much more than 5-10 MINUTES.
Traders will make money all the way up with ERHE, longs will become wealthy. It won't happen overnight, well, not necessarily, but the oil is there and it WILL happen.
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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