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Re: tryoty post# 141481

Monday, 10/13/2008 12:06:15 PM

Monday, October 13, 2008 12:06:15 PM

Post# of 362430
phonemanfl...

Posted by: Art2004 Date: Friday, October 10, 2008 9:42:30 AM
In reply to: None Post # of 141481

Listened to Gandur's presentation last night.

Don't expect any ROO until the price of oil stops dropping. Gandur stated that he would not sign up an ROO at today's prices nor does he expect them to stay this high.

He expects lower rig prices within a couple of months and more drill ships to be available.

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

Nuf said.