Replies to post #203661 on ERHC Energy Inc (ERHE)

[jsc52033]

Reason results will be released. The owner of the natural resources is the JDZ which has a partner the EEZ. They also have an interest in how the bidding goes.They need high numbers and competiton to gain them. As the owners they should have full access to all results and the right to release that information.
As a mineral rights holder I have always been informed as to results,and was given results almost daily in some cases.

[stocks2rise]

Dude the bid round ends in Sept. I do not think they will wait that long. I think the JDA will be riding them to get the results out soon.

[midtieroil]

The EEZ bidding round is going to be 6 months long. I don't think SNP can keep results secret that long. The pressure for a release of the results is building from all directions. I don't think ERHE will allow it to go on much longer, nor will STP, nor will the JDA, nor will Nigeria, nor will the other companies involved.

I don't expect any estimates of actual reserves in the first release. I also do not expect individual prospect results. What I do expect is that that they will announce enough has been found to continue to Phase 2 and that the plans are to treat the entire JDZ as a single producing unit. I also expect to hear it is complicated gas, condensate, oil area that will require an integrated solution for production of the hydrocarbons. I also expect them to say they can't give any estimate of reserves until some delineation wells have been drilled. I hope we'll get more than that, but I'm not expecting it.

As far as any buyout goes, (even of the smaller companies), I'm not expecting it until AFTER the initial results are announced. Then the deals might start.