ERHC Energy Inc (ERHE)

[oilman57]

The key thing that will move share price is reserves. We need to find out when the drilling will begin in Blocks 2-6. Between now and then there wont be much impetus to move the stock price.

Unfortunately my guess is no drilling until this time next year. So I think we have about a 12 month wait. That is only a guess though. I know others feel we will be drilling sooner. But my guess is no signed PSC's until late fall. Then additional 3D seismic must be shot. And then hopefully drilling will begin by this time next year.

Drilling in Block 1 could help things if they hit a nice well. I had heard that they will begin drilling in December. So in this one instance we should all be rooting for Exxon.

(Once again I repeat, all of the above is IMHO)