ERHC Energy Inc (ERHE)

[Nightdaytrader]

Opus, I think Shell hit their initial reservoir target depth long ago, found oil, and is now "sidetracking." Basically, exploring the area in different directions to either look for additional oil and or figure out how much oil they have found. I think the 90 days and additional supply ships are all good news. I think much was learned with the Maersk Voyager drilling offshore Namibia and Shell is applying those lessons to STP EEZ Block 6.

Look at chart 27 of 41 and see what Kosmos thought:
http://www.kosmosenergy.com/InvestorPresentationLSEMeetingsAugust2017vFINAL.pdf

If GALP/Shell make an announcement, that they found commercial quantities of oil in STP EEZ Block 6, which Kosmos expected, and thus, de-risking the STP EEZ, it will be interesting to see what happens to ERHE share price? How much will it go up?

It's going to get interesting.

JMHO
ND9