Replies to post #203832 on ERHC Energy Inc (ERHE)

[kobiashi2000]

Oil Companies drill dry holes all the time and do not abandon blocks, and we didn't even drill dry holes, all our wells were discoveries, they're going to recalibrate seismic, include the data into the fluid models, etc, and go for it again, and if they liked what they found this time they're going to drill delineation wells to determine the extent of the reservoirs encountered, production is so far away its comical that its even being discussed, production wells aren't even drilled until phase 3, and development is phase 4. Even if they hit dry holes they would continue drilling IMHO, all the scare tactics being employed are by those who don't understand this investment, don't understand the oil industry, or don't have friends in the industry who can explain it to them like I do. lol