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landcruiser

04/05/06 11:47 AM

#41014 RE: tryoty #40986

valuation is becoming more focused on the geology of our holdings than the political situation.....regardless of what obo1 produces or block 1 holds the question is about the accessibility and the reserve potential in erhe's blocks.....only a geologist with the available data can render a worthwhile estimate of this....our best indication of value at this time is the commitment that our partners have made..I myself have wondered about the potential and value on the non shaded areas on the afren map.....if these are areas that will be drilled and will produce it will be a much different situation than if they do not..as ed hart of fnn fame used to say 'we will know in the fullness of time'