ERHC Energy Inc (ERHE)

[bsk2007]

>>Where did the info come from that says Kina or Bomu have deeper zones to look at?<<

There isn't any.

I'm too lazy to look it up but OBO-1 went down about 18,000 ft and that's how deep these holes will be.

Chevron took 62 days to drill OBO-1 so I expect Addax to take about 14 days less. The way Chevron had to drill sideways and then diagonally to TD was a lesson learned for Addax.

It's been about 40 days so if the tests haven't been run by now they will be soon. It could be that the DP is now moving to Blk-3 but to me it seems a little too early.

Don't be surprised if the results aren't released one well at a time but as a whole instead. At this early stage in the game, each well is a learning experience so they will know more about the first well after the second and third are drilled. Each well is a piece of the puzzle so the more pieces they have in place, the better the understanding will be of what they have.

IMO it's too early to drill 4 optional wells in the JDZ unless they already have 4 new targets in mind. I doubt this is in the game plan at this time. They don't want to bite off more than they can chew.

It's going to take at least 20 holes to prove and develop what they've got on the table right now, so they have plenty on their plate to keep them busy for the next few years.

The stock price is trickling down because that's the way natural resource stocks act when circumstances surrounding the company are uncertain or at a stand still. As results are known or announced the sp will move accordingly.

It would be nice if someone active in the arena would give us an update on what actually is going on, but we will probably have to wait until the drilling program is over before we hear from them.

bsk














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