ERHC Energy Inc (ERHE)

[RubyMartin]

O.T. Chevron To Drill North Slope
San Ramon-based Chevron Corp. plans to expand the search for untapped oil reserves by drilling wells on Alaska's North Slope this year.
Chevron will focus on the White Hills prospect acquired as part of the company's 2005 purchase of Unocal, spokesman Mickey Driver said. Chevron is stepping up exploration efforts after failing to replace most of the oil and natural gas it pumped last year. Chevron plans to spend $50. MILLION A DAY worldwide in 2008 seeking untapped reserves.

(Above from the Oakland Tribune, emphasis mine. R.M.)