ERHC Energy Inc (ERHE)

[Strategyone]

It looks to be setting up for an exciting week. Good luck to all and don't forget to enjoy the ride.

IMHO It is highly unlikely that drilling has started, even if the Sedco is on site. I highly believe the comments from multiple industry sources that it takes time to "anchor" and set up for drilling.

My guess is that we won't get a PR until the rig is either just starting to drill or within a day or two.

Last comment: Please people, quit with the "We're in the dark" crying. They have already PR'd that they are drilling in the 3rd quarter for which we are STILL on schedule. It was only rumors that it MIGHT begin as early as July. I could care less if they PR the second the rig starts drilling. I only care about the results. Remember, we still have 60 days from the time it starts drilling before they are done. The share price will have plenty of speculation, rumor, false rumor, bashers & crashers, and hypsters to move all over the board.

I hope the company doesn't PR anything until they hit the ocean floor and at what depth. Then you know they are "in process" of drilling and people can start guessing at when we will hear news of an oil strike or not.