ERHC Energy Inc (ERHE)

[Stay the Course]

Homeport: Can certainly understand how stories get misquoted in that Lusaphone circle and I defer to your judgment in that respect. However it would make great sense for PBR to do that 3D and establish knowledge and relationships so they can work into a preferred position in EEZ anyway, with possible presalt upside potential as a bonus.

After PBR's generations offshore, to suddenly hit the jackpots with the presalt, and considering how tremendously fast they reacted on it, e.g. changed the bid rounds, contracted for drilling and production, seems to be an obvious deal to chase and snap up in STP.

What do you think? Is what might be obvious in Houston unlikely in the islands?

It seems to me that "EEZ in 2009" is to ERHE like "JDZ in 2004" was back then, pre PSCs.

So we do have a new upside in sight: EEZ and maybe presalt. Certainly the big SP action is still obviously from the drilling plans in the year ahead.

The petroleum world has progressed in 2008-9: a little googling on "subsalt" and "presalt" confirms what these in the game already know, billions are being committed on these presalt plays today. It's certainly not 10-15 years out, Midtieroil!

Interesting in this board how one can detect the balance and frame of reference of posters from their posts!!!!