Replies to post #179169 on ERHC Energy Inc (ERHE)

[MichiganNative]

That was a fantasticly great summary! All the more reason we shouldn't be in the .60's!

[walldog0]

YM..that is a must read for all, thanks...:-)

[Pepsiman2001]

Nice summary, thanks for taking the time! eom

[vineseeker2]

Mike, don't forget someone posted that Addax has a option for four more wells with the Deepwater Pathfinder, after the first four are drilled. I would expect them to exercise that option if results are as expected or better

[littleBitmoore1]

Awesome post and summary. Thank you, YankeMike.

lbm1

[razoroil]

GREAT summary!!

[texasspeculator]

That post needs to be a "sticky-note" at the top of posts - at least for a day or two.

[Phiegze]

"Arbitration results for Blocks 5 and 6 expected at any time now."

You had the above listed as one of your positives.
Just for the sake of argument here - and considering the share price and the same potential for leaks we hope for with drilling - maybe the results ARE known and are NOT favorable.

Not sayin' just thinkin'

[Digdeepforsweet]

YankeMike ... Now that's what I'm talking about.. Just think how hard it's goning to rrun next time on leaks...Dig.

[ssc]

YankeMike, I read your post and got excited when I saw 500 million barrels for erhc from blocks 2, 3 and 4. Then I checked the ibox and it lists the NSAI estimates of erhc's part of those blocks as about 170 million barrels. What gives you reason to think the NSAI numbers are off by a factor of almost 3? Or did I misread the ibox figures?

Also questioned a few other points, like being on fund managers' radar, $23 million will last another 6 years, EEZ licensing by end of year, oil to go up by 50% over the next 3 months, but I realize these are just your opinions. Seems like you tend to stray a bit from reality, but I guess we can never get enough optimism as we wait for drilling results. Interesting that these particular opinions received a special place at the top of the board.

[RKT989]

This is why Anadarko bowed out of JDZ..
THey will need all their resources for development down the coast of Africa
http://www.voanews.com/english/2009-09-17-voa72.cfm