Monday, April 24, 2006 10:34:30 PM
If that's what this is, we all collectively stink at it! LOL!
There has been no change in what will drive ERHE's price...
If there's oil, ERHE's worth billions, if there's no oil, our certs are just expensive Charmin.
We do know that CVX poked at block #1 and preliminary results prompted mention on CNBC of a 1+ bbl find. CNBC doesn't go to air with test well rumors, something leaked... and then a MASSIVE hammer came down. CVX/XOM are puckered so tight right now you couldn't get a knitting needle up their bungholes.
Why?
I can guess... CVX didn't drill a duster. :-0
Something has them back on their heels, and with duct tape over their mouths. I've posted this question before, never got an answer... obviously seismic can't tell us where hydrocarbons exist, or dusters wouldn't happen. Seismic tells where rock formations exist that can trap hydrocarbons, should they be present.
I know darn well there are oil folk here, throw us a bone...
Is it possible for seismic to indicate a viable structure, and then poking a test well proves orders of magnitude bigger?
What else would explain the leak, national reporting, and slamdown the we have seen?
Don't convert to layman's terms, I can google my way through the details. Oh yeah, the question... Can that happen? How? Why wouldn't the large field be obvious in the seismic?
Whatever obo-1 found, it was significant enough to drive someone who should know better to pick up the phone and call CNBC.
Um, yeah, that's been bugging me!
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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