![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Monday, November 18, 2013 8:49:07 PM
I have property in the Eagle Ford shale play of South Texas and follow it closely. EOG (the operator)claims each of their wells will produce $400-500 million over their lifetime and costs $6 million to drill. They use 40 acre spacing, so you can do the math. (I don't know the conversion from acres to square kilometers, but I think we are sitting on an incredibly rich asset.)
The ERHE shareholders got hammered by unexpected results from the JDE drilling campaign. Initially we were told that the findings were of the type and amounts expected. Now we find that was a lie, and it explains the share price plunge. Thank goodness they had the intellect and foresight to move into Chad and Kenya. So we have new-found hope!
Good luck to us all.
Steel
Recent ERHE News
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/06/2024 07:31:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/08/2023 09:06:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/28/2023 05:35:35 PM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM