ERHC Energy Inc (ERHE)

[vineseeker2]

The little oil wells I invested in in Southern and western illinois were owned by a hand full of investors, on the first well there was a cluster of 1/64 owners where I lived. We were able to get a update on the well daily from the geologists report by phone. They were always telling us that the information was not complete, but we knew we had oil baring layers & about how much, but not if it would make a well.
It was not a publically traded stock & with a small number of investors you can make sure everyone hears the same info and at least partially understands it. The current operator does not want to be sued by investors who might trade on sketchy or missleading information.
I think the original report on OBO-1 said they "found hydrocarbons and recovered mineral and fluid samples that would be incorporated into the knowledge about the formation." Not exact words but close.