The Kenya block is about 600 million bbls. The JDZ was up to 10 billion bbls.
Valid point.. but: drilling in the ocean is a little bit, just a little bit (lol) more expensive too. It's about net profit, not about prospect numbers alone.
Maybe there is a fear gap. The fear is that ERHC won't find oil in this next well and won't have the resources to go forward. That is a very logical fear and is based on facts which nobody should ignore. I would like to hear what happens if ERHC doesn't find oil now? That question is never answered by those pushing this stock as a great investment.
You follow this stock more closely than a mother follows her newborn child... where is your 'interest-gap'?
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.