ERHC Energy Inc (ERHE)

[manuel06]

helo people:
IMHO..the target that Chevron drilled,with Exxons technical support was specifically drilled off structure(so we have been told)to test the Geology of the Block1 and IMHO most known other Blocks that have had seismic in the JDZ.Their conclusion with this target was that the Geology is infact stable and conclusive.The information they retreived was in support of what was assumed with 2 and 3D seismic.Hence when they hit significant amounts of oil in an Off structure test well, they concluded that there would be many oil baring Targets in the JDZ....this was the go ahead for all concerened.So a possible commercial discovery(commercial in Addax's situation) in Block1 off structure, is a Harbinger of huge things to come in this area.Now; XOM still has 2 25% rights in the JDZ.. not excersized "YET"...a 2% royalty "SO FAR" in Block1.They are still hanging around.Why not let others prove up the area with little outlay to XOM...and when the goods are proved and the #'s are acceptible with XOM then they will open their DEEP war chest and flip out some cash to take part as they see fit.There are still a few other minnows that can be bought out and XOM is as cagey as they come.Their business inpart is oil...maybe they have more than just a toe holding the door open for their big swoop.I dont care as long as I / WE make our money.Every one of us has their entry and exit points....so does XOM.Except they have 46 billion to play with and we are all strapped...LOL

Hope we can survive(till) the end game
Baz