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Re: rayank post# 139209

Tuesday, 09/16/2008 3:42:13 PM

Tuesday, September 16, 2008 3:42:13 PM

Post# of 363087
Question from the audience: "Where's the biggest bang for your buck?" 1:56:06 into the presentation

Gandur's reply:

"The deep offshore... obviously"

"It's now a question of Months before know the first results of our first drill."

"With a little bit of luck we could have announced a contract with ship drill."

"We are very advanced in negotiations with ship drill, ahhh, Drillship... which should be position to drill 1st quarter."

"We are now a few months from spudding"

"If we are successful in Kina, we get 200M barrels... that's a 50% increase in our reserves. It goes up."


I don't know if Gandur meant drillship when he said shipdrill (twice), or if he was referncing the company SeaDrill as the ROO source.

ERHC's share of JDZ oil; 1 billion barrels. Once proven, ERHE will be $10+. All we need is time and patience.

Nuf said.

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