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Re: oil-cowboy post# 45626

Thursday, 04/20/2006 1:25:46 AM

Thursday, April 20, 2006 1:25:46 AM

Post# of 361450
Oil-cowboy: If the past has a trend to the future, neither the increase in $/barrel or Nigerian political climate will have much of an effect on ERHE, at least in the next 6 months. Probable reserves are months away. Our pulling oil out is years away. The only things that have affected our SP in the past 3 or so years are:
An LA times article pointing to our very supurb rights.
The start of the first round of the JDZ.
Us not getting rights in the 1st round.
The coup in STP.
The buy-off of debt by Offor and the loss of the going-concern clause.
Partnerships and then the loss and then the gain of partnerships.
The prelude to the second round, lots of rumors.
The aftermath to the second round (now what? for months).
Final validation.
Rumors of Chevron find in Blk 1.

I have trivialized this agonizing process, but the price of oil has apparently had no affect on our SP thus far.