ERHC Energy Inc (ERHE)

[tryoty]

Maybe.

We may have been here a long time, but we've never done this on land before. How long from FTG/seismic to spudding? My WAG is 6-12 months. They have to analyze the data, choose targets, assemble a workforce to build a road and quarters at the base camp, truck/fly in all of the rigging and materials, and only then can the spud the well. I'm thinking we've got some time before Kenya gets really exciting.

IMO, the recent decision by key insiders to buy has more to do with a potential, but not yet finalized, STP-EEZ deal with a surprising cash component.

Nothing will cause the share price to rebound faster than removing the need for financing at these levels. Whatever is happening, it was significant enough to get them to suspend the blackout policy and get them buying.