ERHC Energy Inc (ERHE)

[RubyMartin]

Posted by: balance_builder Date: Saturday, June 06, 2009 12:02:59 PM
In reply to: None Post # of 4254 [Send a link via email]
From page 11 of the June 09 Addax presentation:

2008 & Onshore Nigeria 2009 Planned Wells


Joint Development Zone
2009 : 3 - 4 wells
• Bomu (Block 2)
• Lemba (Block 3)
• Kina (Block 4)
• To be determined (Block 4)

http://www.addaxpetroleum.com/_media/200906-InvestorPresentation.pdf
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From page 12 of the June 09 Addax presentation:

H2 2009
Deepwater:
• JDZ2 (Bomu)
• JDZ3 (Lemba)
• JDZ4 (Kina)
• JDZ4 (to be determined)

http://www.addaxpetroleum.com/_media/200906-InvestorPresentation.pdf
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Note that Addax with the DeepWater Pathfinder WILL be drilling B-3.

Note that all 4 wells are scheduled for 2009 H2.

Recall that the DP is leased for at least 120 days to drill the 4 above noted prospects.


Conclusion: Though not yet announced (thank you Markgovals for your excellent and early lead) Addax has already announced publically in the above presentation that they WILL be drilling B-3.

Conclusion: Though not yet announced (thank you again Markgovals and Barry Morgan for your early on calls of earlier than broadcasted drilling timeframe. For all wells to be drilled in 2009 (Addax presentation) July drilling will be necessary (120 days plus 1 week for relocating and setting up for next drill site).

Next stop IMHO....producing oil properties in return for full carries and percentages of the EEZ and possibly 5,6 and 9.

Lets hope ERHE has better plans for managing the company then they did with storing our cash monies.




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