Thursday, May 18, 2006 5:20:12 PM
1) I expect the filing to be done tomorrow (could be post trading hours though).
2) In the filing should be much anticipated:
a) Reciept of $45+ Million showing most in the bank with the rest going to pay off any remaining liabilities.
b) Details of PSC's including at least drilling plans on a yearly basis for Blocks 2, 3, & 4.
c) More specifics on the warrent from last week (as approved by legal council but probably not saying much).
d) Going Concern removed from filing.
e) Potentially some information regarding straddle between block 1 and 2. Probably no details but if negotiations have begun with CVX then they may have to disclose that the straddle exists.
f) Potentially a status update regarding blocks 5 & 6
g) No more stock dilution.
h) Specific details of each subsidiary set up for each block ERHE has signed agreements on (this should end Mongo's ranting and desception from the original PSC notifications that mentioned the subsidiaries)
3) Monday or Tuesday of next week the removal of the "E".
With a drop in share price of .01 for the first trading day of the E, I look forward to next week.
Good luck all,
Strategyone
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