ERHC Energy Inc (ERHE)

[DegenerateGambler]

Strass, I am not sure where you are getting the idea that ERHC is telling us drilling is a ways off. Nothing has changed with Addax getting the rig of opportunity one way or the other. Addax's position on this has NOT changed.

Also, there were two reliable posters on this board who stated an announcement concerning drilling would be made in the third quarter, which is only about two weeks away. Granted the quarter is 3 months long and the announcement may be made as late as Sept 30, but even that is not that far away. I would tend to believe this announcement will pinpoint the drill date more precisely and really get the share price rolling. Can you wait three months, I know I can.

Once drilling occurs, the oil reserves will be proven or at least better defined (probable). With that a dollar figure for the value can be established as YankeMike reiterates often. We DO NOT have to wait to production for the oil to effect the share price. So who cares if the production is at least 3 years away.


... and to quote Mick, "You can't always get what you want... but if you try sometimes, you just might find ... you get what you need."