Mark,
Again to inform our posters here, What all this 'probably' means is that Chevron feels they are on top of a significant discovery. To drill off structure means that you are drilling on the periphery (the edge) of a structure to help size it up and determine its overall size.
I have worked for majors (including Chevron) for more than 17 years. If a major feels they have made a significant discovery they will tight-hole all information while they figure out how best to exploit their results. If you know the history of Block 31 in West Texas you know some of the unbelievable examples of the games that the majors play trying to out fox each other.
To put it in perspective CVX will not give out any information until they have thoroughly analyzed how they can magnify their hold on this area. Unless a leak is forth coming (highly unlikely) we may not know for a year or more exactly what CVX knows.
Therefore for our SP to move where we want it to, ERHC is going to have to make the 1st move. After watching this stock for the better part of 10 months I still have not determined what Sir Offor wants to do with this company. Does he want to sell it, use Chrome oil to produce it's rights, or as some say allow his family and friends to play the stock up and down over the last year making millions coming in and out of ERHE.OB. I cannot determine.
I feel that as shareholders we should encourage the Houston office to be more forthcoming with information and perspective on material events coming out of the JDZ.
Finally while I agree with some of what OILPHANT says, his cryptic nature and the fact that he plays on so many of the investors hopes and fears directs me to ignore him and not even open his posts anymore. I am reminded of a little truculent boy that pulls the wings off of a fly and watches it hop around.
That is my 2 cents.
BayfisherII
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