ERHC Energy Inc (ERHE)

[snow]

I read an interesting analysis of Equatorial which is an ERHC partner in block 2. As far as I remember it estimated that there was a 50% of a field of $ 1/2 billion in block 2 and a 20% chance of another billion in other fields. This constrasts starkly with the numbers bandied about these days based on rumors regarding the well in block 1. If these are true it shows that the seismic is a poor way of establishing the quantity of reserves.