Replies to post #61831 on ERHC Energy Inc (ERHE)

[nwtf]

Balance
""Are we certain at this juncture that no drilling in any of our blocks can/will begin for a year or two??? There have been quite a few indications that SNP was aggressively seeking a rig. Thanks....""

Now thats the Balance that I have come to know. LOL
Just saying HI. PL

[maskers]

balance is there a post to update what is going on with erhe?

[Stay the Course]

Balance: Some other poster did a real good job several weeks ago about all that has to happen now the PSCs are signed, the time and trouble.

Getting these JOAs done and funding in place with a collection of partners as in Blocks 2-4 takes some doing and then agreeing who really is operator and contracting a deepwater rig in today's hot market all has to happen to get to the stage of a well that tests what we have, and may or may not be commercial despite better seismic assessment these days. Regardless of chatter re SNP.

So I opine we are 1-2 years from evidence of probable reserves. JMHO (Just My Houston Opinion), no exhaustive search of market but industry news and informal oil co. comments I hear, seen a lot before but not these rig rates . . . Opining to my satisfaction - but reach your own conclusions as you see fit!

IMHO, relax, our oil is not leaking out anywhere.