ERHC Energy Inc (ERHE)

[petemantx]

Not great news but nothing that wasn't to be expected as IMO nothing will proceed in 2,3,4 until they again drill 1. That is happening Dec '11 so after this (these) drills they move over to Block 2, should Blk 1 look promising, and evaluate how much spillage goes into 2. Then once 2 gets firmed up they start looking at 3 and 4.

Not happy with the wait but at least it shows the plan IMO to develop the JDZ.

If 1 and 2 look good first qtr '12 why couldn't they get some production going by '14 as they have the FSOP on site and the pipeline to the mainland already in place? Just have to tie in the few new wells to the infrastructure already in place. Seems like a can do situation to me.

Have a feeling this board will become unnecessary until the end of the year as would a AGM meeting as that would be just a waste of time with mgt having nothing to discuss of value (to me the only value is the JDZ/EEZ).

May be signing off til the end of the year. Hope everyone has a great summer and will check back in later. Of course, I will monitor the board sporadically.

New battle cry -- Go 2012 !!