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investorbynight

04/16/10 7:14 AM

#209882 RE: majicathome #209880

Wow, so the unrisked oil in B2 tripled? Sounds good to me.
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brez63

04/16/10 7:22 AM

#209884 RE: majicathome #209880

Majic,
My comprehension is a little slow this morning. Am I reading this correctly, the operator is estimating roughly 3 times more oil than the NSAI numbers?

If that is the case, I wonder what the Operators are estimating for blocks 3 and 4?

Thanks
Brez
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retep0517

04/16/10 8:41 AM

#209895 RE: majicathome #209880

An obvious question for which I have no answer: how is it possible for another player to have detailed results and ERHE does not? Any thoughts?
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petemantx

04/16/10 8:53 AM

#209899 RE: majicathome #209880

Tremendous find. This announcement will keep me pumped right thru Sept (if need be) and IMO is the best news we have had since drilling commenced.
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bayfisherii

04/16/10 9:40 AM

#209917 RE: majicathome #209880

Majic,

Can you post the source of this information for us?

If valid this is very solid news and right along the lines we have been weaiting for.

Thanks
Bayfisher
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Homeport

04/16/10 3:31 PM

#210046 RE: majicathome #209880

Telling finds, Majic and Spp119. Many thanks.

Cheers,
HP
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redinvest

04/16/10 4:23 PM

#210060 RE: majicathome #209880

Magic, looks like the cat's out of the bag. Thanks to EEL for releasing the information. In all reality, I don't care who released the information, ERHE or EEL. I'm just pleased we FINALLY know. I am pretty sure it's a relief to some. We can only hope that SNP doesn't get oil raged at EEL and force them to recant or retract.

Jim Long wrote a very clear message why we couln't release the information and EEL could. It couldn't be any clearer.

So, I say rejoice. What we thought was in the blocks is likely, VERY likely there. Elephants abound. That's why we invested. we took the chance, the risk, and prevailed.

Sure, the 6 month delay is a pain, but this poster thinks lots of things are happenning behind the scene, and they will all be good for us.

SEO must have gotten very near his price if he agreed to the code of omertia.

Back to thoughts of retirement.

JMO

Red
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Pepsiman2001

04/16/10 8:40 PM

#210103 RE: majicathome #209880

Upon further review, I believe I/we jumped the gun in thinking that EEL has released results from block two. Since rereading the post I am replying to ( now that I am home from work and can concentrate, LOL) I have come to the conclusion that SNP's P50 unrisked oil and gas estimate was based off of a 3D survey and not results from drilling. The part of the post in bold is EEL explaining the difference in NSAI estimates and SNP's. I wish I were wrong, but don't think so.

I thought we had something today.