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Re: stocks2rise post# 88170

Friday, 01/12/2007 8:38:02 AM

Friday, January 12, 2007 8:38:02 AM

Post# of 361993
S2R.....EEL is a partner of ERHC's in block 2. They announced yesterday giving up a 1/4 of a percent of the their interests. That spells imminent drilling news to me.

Often a drilling co will drill for a percentage of the block. In block 2's case it appears almost 3%. With APC having the Belford Dolphin contract.....and with APC being operator of nearby block 3.....and with knowing the BD is slotted to be in Ghana in the 2'nd Q of this year....maybe, just maybe APC is going to drill for that almost 3% piece.