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texsun2003

03/23/09 9:03 AM

#155929 RE: RUBY1100 #155928

Whoohoo, thanks for posting RUBY. That post will go down as my #1 all time best birthday present ever. Addax is truly setting up an aggressive drilling/exploration program and it bodes well for those of us who have held on lo these many years. "Genius is nothing but a greater aptitude for patience." B. Franklin

brez63

03/23/09 9:07 AM

#155930 RE: RUBY1100 #155928

Thanks Ruby,
If they get the rig early September and drill immediately, that would mean 3 holes in 3.5 months or 36 days per hole. But more than likely they will start in October or 30 days per hole. Blck 1 took 63 days, mmmmmm.

Brez

Pepsiman2001

03/23/09 9:08 AM

#155931 RE: RUBY1100 #155928

Thanks RUBY1100. eom

Lickety Split

03/23/09 9:26 AM

#155936 RE: RUBY1100 #155928

Ruby,

If I were a betting person, and I am, I bet the 4th hole will be in OPL-291. It is supposed to have have approx the same potential as Block-4 or even more according to Addax's presentations. It does nothing for ERHC shareholders but it does for the Addax folks.

Strass

Art2004

03/23/09 9:31 AM

#155941 RE: RUBY1100 #155928

Good up date Ruby. News on new traps and "hanging wells" in Block 4 sound great!

Thank you!

Will be interesting to see what some of our "oil people" say when they listen to the replay.

tryoty

03/23/09 9:55 AM

#155960 RE: RUBY1100 #155928

Goosebumps!

dat_51or

03/23/09 10:23 AM

#155966 RE: RUBY1100 #155928

Thanks for the update, Ruby.
Bring on that drilship!
dat

Opus X

03/23/09 10:29 AM

#155969 RE: RUBY1100 #155928

THANKS, RUBY!

I'm supposed to be working, but I thought I'd stop in to see if there was any news from the ADDAX conference.

Great stuff! In my mind, anything that is said about potential is still understated to what we will eventually find........in order to avoid future liability if it doesn't come in as well as I hope they are now following one principle in the business world: "underpromise and overdeliver."

It's coming!

Thanks,

GLTA,

Opus X

tryoty

03/23/09 10:34 AM

#155973 RE: RUBY1100 #155928

This may help clarify Schrull's comments...

He said hanging "Wall", not well... that they go on and on is VERY PROMISING!

http://www.petroleumseismology.com/images/725/