ERHC Energy Inc (ERHE)

[texsun2003]

Peter, certainly agree with you on the "Golden".
Remember back when CVX announced they had "found hydrocarbons" when they drilled?? Many here speculated as to why they would have drilled so close to the block boundary. Then, all of a sudden they capped and "tight holed" the well.
Perhaps the reason they drilled in that location was not to ID the perimeter of the reservoir, but to (after careful 3-D seis study) determine whether the pool extends into additional blocks, and is as large as first "leaks" indicated.
IMHO, based on recent info. ( Jeff S. coming to Addax; operators of blocks 1,2,3 and 4 cooperating in the search for a drill ship ASAP and the seismics we've seen posted here this week indicating many commercial sized reservoirs, the sizes of which are probably understated) that's exactly what CVX did.
As a result of all that and their completion of all the down hole analysis and 3D analysis IMO CVX is setting up to gain as big a percentage of the JDZ as possible 'cause they know what's really down there as far as quantity. We already knew about the quality ie: light and sweet. How do you gain the percentages that already belong to someone else? MAKE THEM AN OFFER THEY CAN'T REFUSE. ERHE has more cumulative rights in the JDZ than anyone else. We are in the catbird seat, and the "King Cat, is Sir E.O. who is one of the best negotiators in the business as he has shown time and again.
So yes, Peter, we are golden !!! and I'm betting on it....