Saturday, December 03, 2011 11:31:45 AM
Maybe you should go apply for work with SNP. Maybe you know much more than them. Maybe they are all idiots. Maybe they were trained in marine life reproduction and wound up with the JDZ gig. Maybe they are in way over their heads. When we invest in a stock we are investing in the company and their expertice and their abilities...along with the geology. If either one does not live up to their billing we are in trouble.
These are all reasons to be skeptical of the future here. Again, if it takes Total to proceed with our blocks then Total will be more concerned with their welfare then they will with ERHE's welfare. If it takes Total's involvement then you could be talking many more years...and a take it or leave it deal that ERHE investors may not appreciate.
Who's to say that SNP didn't ask Total for a little expertise prior to drilling the 5 wells that were drilled?...and still had no luck? I'm not saying they did...we will never know. What if Total looks at the 5 well data and says that they would have drilled in the same places? We don't know. What if Total says that they are not encouraged with the results of SNP's drilling and see no reason to pursue our blocks? Maybe some day we will know the answer to this question.
You suggest that I get educated in the oil business. You've got to be kidding. Should I get the Cliffs Notes? Should I go get a Doctorate in the Total school of geology? I don't need to be the expert in the oil business to know that this is not going well so far. The Danagas report first told me that...then the company finally admits that it did not go as expected. Give me a break...that is double talk for 'it was dissapointing'. Now SNP sits on the data results for 2 years. I don't need to be a geologist to understand what happened here. So you go ahead analyze all the maps and formations...email SNP with your analysis...and see where that goes.
Badog
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