ERHC Energy Inc (ERHE): Even if we could get the rig slot swappe...

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stocks2rise

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Monday, 03/10/2008 4:27:17 PM

Monday, March 10, 2008 4:27:17 PM

Even if we could get the rig slot swapped from Kosmos to start off we do not have the equiptment yet! I think they just ordered it and it takes 8-9 months. We couldn't drill in May or June if we wanted to. Means if Kosmos is forced to give up the slot because its financing partners don't have the cash for them then we may be forced to give up first rights as well as we don't have the equiptment (same was last year when we had a rig available but were not ready to drill yet). Now if Kosmos already has the equiptment then maybe we can trade them our stuff on order for the stuff they hopefully have now (assuming they will be ready to drill as soon as the ship hits the GOG and it is set up for deep water).

Wonder what in the world is taking so long on retrofitting the AA? They could have built a whole new ship in the two years it has been in dry dock!

Get the straws ready boys! We're fixin to bust Kina wide open! Those elephants are going to think they got hit by the worlds biggest proctologist!