![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Wednesday, April 28, 2010 6:58:19 AM
1) Only gas was found, no mention of oil
2) Let's quickly move on to other matters and sweep the no oil findings under the rug.
3) Those other matters only serves to emphasize that we have money for 5 more years, and production is more than 5 years away, so we need to raise cash.
That was rigmyster's reaction and will be the initial reaction of anyone looking at the slides.
but it would appear that there's a whole other story here.
1) only gas was drilled, but gas composition could predict oil below.
2) an oil finding during Phase II will make raising funds on the AIM very easy.
The last two points are not being emphasized by ERHC or the the ERHC slide presentation, and they need to be if investors are expected to 'read between the lines'.
Krombacher
Recent ERHE News
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/06/2024 07:31:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/08/2023 09:06:42 PM
FEATURED Element79 Gold Corp Provides Update on Nevada Portfolio • Aug 23, 2024 8:00 AM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Maybacks Adds Award Winning Show to Its Lineup Discusses Maybacks Opportunity • AHRO • Aug 22, 2024 11:30 AM
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • NBRI • Aug 22, 2024 10:28 AM
All Things Mobile Analytic, Inc. Reports Major Growth with Over $11 Million in Revenue • ATMH • Aug 22, 2024 7:19 AM
Unitronix Announces Strategic Entry into Cryptocurrency Space • UTRX • Aug 21, 2024 10:00 AM