ERHC Energy Inc (ERHE)

[steelwundrin]

ERHC did in fact state that results were in the expected quantities, which at its worst is indeed a lie. At a minium it was an uninformed mis-statement. I will search for the exact link to that statement, but it was clear that ERHC did state that results were as expected. What they meant to say is that the reservoir sands and traps were encountered as expected. Unfortunately, a commercial amount of crude oil was NOT encountered. Very similar to HDY's experience. Everything looked as expected from the seismic, but the oil had migrated leaving an empty bucket.

EEL's 2011 annual report:

" Prospectivity
...While the discovery in the Bomu 1 well of gas rather than oil was disappointing, the reservoir sands and traps were, by and large, encountered as expected."