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Sunday, July 09, 2006 11:41:55 PM
It seems they WERE testing the boundaries... and that adds weight to the PR saying "150 feet net pay" and the rumored "this is the biggest thing we've ever seen".
Confident in the seismic data they seem to have drilled off-structure and still found what would be considered a big find. Many have said they can't keep a lid on this for long, and it looks like the lid is getting loose!
150 ft net pay usually means several hundred million barrels. 150 ft net pay off structure could mean anything, up to and including the moon. It depends on how far off structure they drilled.
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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