ERHC Energy Inc (ERHE)

[vineseeker2]

Steel, I think you are right about results. Addax had and still has a commitment to drill a well in a block close to the jdz, I think I remember this summer, which is close to over. They had a contract for a minimum of 120 days for four wells. That other block could have gotten the fourth well. The JDZ commitment was for two wells in block four and an optioal third well, I have never found out what caused the optional well to be drilled or not drilled. The positioning of Oka East meant they had drilled all accross the four blocks and should have plenty of geology to try and map/analyse. All this is just my opinion, but I am expecting phase 2. Phase 2 can be completed with a 16 mil per block commitment to something like additional seismic or engineering, so the actual commitment to phase 2, minimum or substantial will tell the actual expectation from SNP.