ERHC Energy Inc (ERHE)

[Southern Man]

"At some point" is the reason for the low sp. There is a good possibility that we may have to wait for Sinopec (or another operator) to continue exploration to the extent where it makes commercial sense. This is a vast previously unexplored area that will take time to develop. This first 100 million dollar exploration is only the beggining.

The operator (Sinopec) has to tell the JDA what their phase 2 plans are 30 days before the expiration of the March 2010 deadline. The plans do not have to be publicized though and to make matters more frustrating they can file an extension.

Who knows? We may get production from the EEZ before the JDZ.
In either case, I just hope Ime still alive to see one or both happen. Maybe the IRA plan is a smart idea.