Replies to post #35392 on ERHC Energy Inc (ERHE)

[oilman57]

They may not be geologists but I would have to believe that there are certain disclosures which must be made and the JDA will have their hand in this entire process. The Nigerians are not newbies to deepwater drilling and I dont believe they will allow any company to hide information from them. The Chariman of Opec is from Nigeria. They want to promote the JDZ so I am sure they will not allow Chevron to pull the wool over their eyes.

[bobwill9]

Hey Captn, I don't get it. Why would CVX not want to tell the world what they found? SP will be affected once proven reserves can be assessed. Happends all the time. We don't need to wait f0r the oil to slurped up to some SP appreciation

[Stay the Course]

Fishdog, Oilman: Nexen announced 200-500 million bbl reserves from basis of one well at Knottyhead in Gulf of Mexico today, with partners Chevron and Anadarkao (ERHE partners too) plus BHP. So depending how you view the potential there, could say it is "up to 500mmbbl", and I think that is what Oilman sees JDA saying.

Nevertheless current industry outlook indicates 4-5 years (even more) from discovery to first oil in the likes of a OBO-1 water depths, so ERHE becomes a play on potentials that become more real and less risky as production approaches, all positive, but sure may take some time.

Which is why it can be a stock for staying the course, no telling what fluctuations can go on this year. All IMHO as they say!