ERHC Energy Inc (ERHE)

[midtieroil]

There is no possibility of reserves until the appraisal well is drilled. That is why they drill it and why it is caused an appraisal well. Also this entire prospect is targeting only 66 million bbls. This single prospect will not be commercial on its own. So, even after the appraisal well, no reserves can be booked until commerciality is declared. Many more wells and prospects need to be drilled before ERHC, CEPSA or anyone else has a clue of the reserves in the block, the commerciality of the block or the value of the block. Until all this happens, ERHC will be worth pennies not dollars.