InvestorsHub Logo
Followers 54
Posts 11634
Boards Moderated 0
Alias Born 12/08/2004

Re: hetherb post# 93008

Monday, 03/12/2007 11:51:33 AM

Monday, March 12, 2007 11:51:33 AM

Post# of 361994
hetherb, according to Addax's PR you are absolutely correct. The have the rig for 5 holes in 300 days with the option to extend for another 5 holes and another 300 days.

The author of that article might be looking at the Work Program requirements, which I think is 5 holes in the first two phases (2 and for years). Since it's been a year since the execution of the PSC's, there's 5 years left.

I'll go with Addax's 300 days. They know what they are planning on doing.

ERHC's share of JDZ oil; 1 billion barrels. Once proven, ERHE will be $10+. All we need is time and patience.

Nuf said.