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midtieroil

12/30/09 12:06 PM

#192377 RE: emptynester1 #192371

I think you have their full playbook.
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vineseeker2

12/30/09 12:21 PM

#192380 RE: emptynester1 #192371

Whats to say that ERHE hasn't met the minimum required disclosure. They have announced drilling, a major event. They have said hydrocarbons are present that the operator is evaluating. If the operator has not said the find is commercial how does ERHE announce it? I believe that our attorneys have done their research and made the minimum required disclosure.
We drilled five wells, we found hydrocarbons that are still being evaluated. At this point Addax/Sinopec has not made the determination of what our find is exactly. There is no more material event to disclose untill the operator says we have evaluated the drilling and this is what we have.