ERHC Energy Inc (ERHE)

[oilman57]

Who cares if there hasnt been a well drilled in the JDZ yet? What is the point? These are the main points:

1) Western Geco has estimated recoverable reserves of 14 Billion barrels of oil in the nine blocks in the JDZ.

2) This estimate was based on only 17 structures of the 56 total structures that were identified in the 9 blocks.

3) So in all likelihood this was a conservative estimate as it didnt take into account the other 39 structures within the 9 blocks.

4) As a result of the huge estimated recoverable reserves in the JDZ signature bonus bids on these blocks were at a record high level.

5) So obviously the various companies agree with Western Geco and believe there is alot of oil in the JDZ.

6) ERHE also has rights in the Sao Tome EEZ which are supposedly just as prolific.

Hope this helps clarify things. I know you are aware of all this balance.