Did it ever occur?
To people that maybe a lot of information is true and that not every source has all available information?
Let me go out on a limb here and describe a possible scenario:
1) Maybe Sinopec is actually going to use the Sedco 702 to begin drilling on Aug 20th as the official (and legally liable) PR states.
2) Maybe the Rig report is kind of correct and they state that the Sedco 702 is in STP or GOG drilling which might just be a "status" they assign to all Rigs once they officially set sail from a previous job to the NEXT job. It may take a week or 6 weeks to move the Rig from one location to the next, anchor, prepare and start drilling. The RIG zone may just state "drilling" as a general step. For example, the RIG is not going to port for refit therefore it is on its way to drill. I don't think the Rig Zone cares what stage of transport or drilling the rig is in. They are not going to update the status every time the captain takes a nap.
3) Maybe Africagolds source is correct. Maybe that source is closely tied to Addax and/or deep water pathfinder and it is also in route to the JDZ and it might arrive tomorrow, take a week or longer to anchor and prepare and begin drilling around 8/20 (which makes everyone correct).
4) Maybe AG's source is also correct regarding the NEXT hole punched in block two AFTER the sedco702. Maybe the DWP will be drilling a hole in Block 2 after the first one in Block 4 and then back to Block 4. They would probably want the same technical team on shore looking at the data for all blocks they are associated with.....
5) Which brings me to the next Maybe... maybe Anadarko agreed to a "joint venture" with Sinopec/Addax to have this same "team" that will be drilling in Block 2 & 4, do the first required hole punched in Block 3. Think economies of scale here. Let's use the same technical team, one of the same "rigs" that is already in the area and knock off a requirement in the PSC so they don't loose the future opportunity. Anadarko may retain "Operator" status if they find oil for the next set of holes or going into production.
Bottom line is, a lot is about to happen and a lot is about to be known.
Yes, the stock price and volume is VERY stagnant right now but it is also at a 3 year high. ERHE needs NEW money to enter in to get to the next stage of it's valuation. I think that will happen when the "drilling speculators" start to enter. Since there are so many conflicts of data out there right now, these people aren't buying in. My guess is that they will once any operator PR's that a RIG is in place and IS drilling. This gives a definite time frame for OIL OR NO OIL (about 60 days). Speculation will be rampant in this period.
That is what I am looking forward to.
Good luck all
