ERHC Energy Inc (ERHE)

[Spec29]

You're very close...

ERHC's responsibility under accounting standards is to announce the drilling of its first well. The exact date of spudding is not a requirement. Way too many variables when it comes to deepwater drilling and it is beyond the scope of the standards.

I believe they'll want to announce drilling from the tree tops but moreso because of promotional reasons and not SEC regs.

Edit: It's actually accounting regs and not SEC regs.