All ERHC management would have to do is state that they are in a required quiet period and can not comment. That would be sufficient to acknowledge a reason for their silence. Otherwise, its only more speculation.
I agree with you. I think it is unlikely that EEL would report the operator's higher predrill resource estimates if they did not believe those higher estimates were closer to actual drilling results than are the NSAI estimates.
Bay: One share of Total Fina for One Share of ERHE, Lock, Stock and Barrel (JDZ & EEZ) will work fine for me. ERHE would have to have 6 billion barrel of reserves, all holdings combined! They may have 1 billion in block #2, 2.5 billion barrels in blocks 3 & 4, 1.5 billion barrels in balance of the JDZ plus 1 billion barrels in the EEZ?