Replies to post #111316 on ERHC Energy Inc (ERHE)

[tryoty]

Interesting... they left the Nov 7th presentation up, and it contains the following:

"Deep water drilling rig contracted for up to 10 wells,
starting in Q4 2008"

[slide 11]

http://www.addaxpetroleum.com/_media/2007-11-07_Investor_Presentation_Merrill_Lynch.pdf

No change from previously annouced deadlines and number of wells. Was the last 48 hours much ado about nothing?

[balance_builder]

Ruby1100...as noted on the bottom of my post you responded to, yes, I did note they removed the 10/31/07 presentation that contained the newest drilling information.

My guess as to why:

Their newest presentation dated 11-7-07 did not contain the newest drilling information. That certainly does not look good. My guess is they'll make a change or two (my vote is for a contracted rig) on the 10-31-07 version and put a date after 11-7-07 on it to make it look new.

You can BET things have changed as the 10-31-07 removed presentation stated.

Also, I hope all noticed that the 11-7-07 indicates 5 X 5. This should put to rest the theory that it changed to 4 X 4 because Sinopec is claiming one of the wells. I stand by my thought that the rig of opportunity drilling one well is why the reduction of a hole in the AA contract was made. The good part of this line of thought is Addax must be fairly confident they will locate a rig of opp. to already reduce the AA contract by a firm well.