Monday, March 02, 2009 1:08:39 PM
kinda like the 3 in block 1?
Personally, I will be very happy with just one confirmed rig and drilling one hole in 2009. I had already estimated that the AA would barely finish the first well by 3/2010. So, all is good with the intel. coming out now.
By the way, it's pretty cool to think about having the rig that broke the record for deepest hole drilled off Nigeria working for a little oil company like Addax and ERHE. Wouldn't it be even more funny if they hit the biggest find in Kina on the next hole drilled?
Looking very bright like this time around we may be able to keep the gains as once the drilling begins we will just have news of hole after hole followed by proven reserves followed by estimates on when they will hit production followed by the whole thing over again in the EEZ.
If we can all just hold out till we hit the first find. Then it will feel like we invested in a oil company not just another OTC:BB flyer.
Good luck all.
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