ERHC Energy Inc (ERHE)

[CaesarStone]

Where's the ROO for Sinopec-Addax?

Good point Art, "Earning more revenue thru oil E and P could be an attractive alernative to "governmental mandated" losses in refining.

What's your take on BB's post?

By: balance_builder from the RB board

21 Aug 2008, 08:57 PM EDT
Msg. 108721 of 108782
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R O O
Most importantly is the fact that Addax Petroleum has not lighted up at all on their call for an ROO to be drilling Q4 08. In fact, their presentation charts indicate as early as October 08.

Then you have Pup's posts on Ihub dated back in May 08 indicating we'll have R O O news before the end of Q-3 08 per his contact with one of the JDZ operators. Interestingly, Pup stated that it will be a rig sharing between 3 of the JDZ operators.

That is followed by Oilphants post of 7/31/08 and 8/8/08 indicating R O O news for ERHC.

Then, on 8-12-08 James Ledbetter very clearly told listening shareholders at the CC that they would not let the delay of the AA interfere with Addax drilling schedule and a R O O would be found...going so far to mention that it would be utilized within 2 to 3 months of finding it (I thought that comment was strange). Better yet, James indicated the consortium of JDZ operators would like to drill a well in all three blocks with slots from a R O O and then drill production wells with the AA when it arrives. Seems to match Pups much earlier call.

Now, most recently, respected post Spec on Ihub is hearing rig news before the end of 2008.