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Monday, October 03, 2011 1:59:00 PM
However, I am more of realistic as well as a gambler and like to put the odds or probability of things actually occurring.
I will group all all six of your possible events into one group (Chad, EEZ, JDZ block 1 - Total, JDZ Sinopec, AIM, Imo) and provide my probabilities (odds) of ANY of this happening over different time frames:
A. In the next three months: no way, no how, 0.0001%
B. 4-6 months from now: something is possible as Total is involved: 20%
C. 7-9 months from now- Total will likely come through with their drilling (80%) but ERHC will not accomplish anything.
D. 10-12 months from now - For ERHC probably 50/50 after almost a year, ERHC may FINALLY accomplish something in one of their endeavors, likely in Chad or JDZ Phase 2 (which is controlled by Sinopec)
E, 13-24 months from now - hopefully JDZ Phase 2 drilling & Chad drilling
F. 2 years and beyond - Hopefully something on EEZ and Imo.
Will anything good happen between now and the end of the extension (March 14, 2012) or will the share price continue to decline?
The post above is just my humble opinion and may be TOTALly wrong, however you may find some humor in it.
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