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Friday, December 05, 2008 4:35:54 PM
not here ten years like you, but here a little over six. Have never sold a share and hold a "boatload +" using the terms put out there earlier this morning. When I bought in it was for two reasons:
1. The rights we hold are huge, and have been upheld in world court, and EO only strengthened them by joining with strong partners for drilling. IMO our rights in bl. 4 and 5 will probably be upheld. But, if not, our rights are still prodigeous and formerly unheard of in the industry. Then throw in our rights in the EEZ and you have the "perfect storm" for ERHE when we start drilling the blocks. All thiinga will come together and it will IMHO be a wondrous thing to see.
2. We know there is oil down there. The seeps in and around STP have been well known for years. Chevron hit on their first hole, then went hush hush.
Nothing has changed as far as my initial reasons for buying ERHE. I firmly believe that those of us who can hold onto our shares during these tough economic times (and add if you have any dry powder left)will do VERY well in the long run.
Like yourself and many others here, I BELIEVE !!!!!
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