Replies to post #141481 on ERHC Energy Inc (ERHE)

[tryoty]

phonemanfl...

Posted by: Art2004 Date: Friday, October 10, 2008 9:42:30 AM
In reply to: None Post # of 141481

Listened to Gandur's presentation last night.

Don't expect any ROO until the price of oil stops dropping. Gandur stated that he would not sign up an ROO at today's prices nor does he expect them to stay this high.

He expects lower rig prices within a couple of months and more drill ships to be available.