ERHC Energy Inc (ERHE)

[ERHClongtimer]

Farrell, BTW, good find on the Afren site!

It is interesting that they are still stating the potential for 1 billion barrels in Block 1.

Thought it was worth posting a snapshot:



Afren also states that "Exploration drilling on the adjacent Blocks 2, 3 and 4 is expected in 2009" [which of course, has happened now] "and further drilling on Block 1 will, most likely, commence after the neighbouring drilling activity has been completed."

There is only one year left of the 2-year period of Block 1's Phase II. So Chevron is going to have to line up a drill ship here pretty soon. Something else (drill ship contract) that should be showing up on the radar in the near term. It will be interesting to see if the drill ship is leased long enough to drill in all the blocks. - Longtimer