ERHC Energy Inc (ERHE)

[midtieroil]

It's a matter of materiality. Our operator signing a rig contract is not material. The arrival date of a rig in our block is not material. A lot of things we would like to hear about are not material by SEC standards. But beginning of drilling on the company's first well in its history is material while beginning the drilling of a well by Exxon anywhere in the world may not be material due to the difference in size of the two companies.

Certainly drilling results of any well are material to ERHE thus ERHE has the right and even the obligation to disclose it under SEC guidelines. Every Joint Operating agreement I have ever seen allows a partner to make any announcement about operations that is required by law. It is not entirely up to the Operator. I don't know anyone that would sign a contract that didn't have that clause in it and it's all about materiality to the company in question. I think we'll get our drilling results and I think we will get our spud dates too. We'll see soon enough.