ERHC Energy Inc (ERHE)

[kaydee]

Mid, another 6 month before results?
I can see the logic of it and, IMHO, indirectly confirms a phase II drilling start. If they can get a drill ship quickly it will take about 6 month to complete the next phase.

It also confirms to me that no one wants to let the results out before the EEZ bids are submitted: Don't let the competition in on the drilling info and enable them to make educated guesses on what may be in the EEZ blocks.

Lastly, after phase II, much more info will be known on what really is down there. Is it like Akpo, is it a continuation of Akpo, what is the recoverable volume of 'stuff'?

Any buy-in, buy-out, whatever will then justify the price SEO seems to want much more realistically.

Patience is unfortunately not a virtue for some of the posters here. They may have to learn that the hard way.

Long and strong ERHE