News Focus
News Focus
icon url

oilman57

06/24/05 4:22 PM

#6501 RE: oilman57 #6500

Doug there is very little buying interest in ERHC right now. That is why the stock is stagnant. The volume is miniscule, especially for a stock with such a large outstanding share count.
icon url

balance_builder

06/24/05 4:31 PM

#6502 RE: oilman57 #6500

Oilman57....IMHO, excitement will begin sooner than Christmas. I won't be surprised if we have a discovery or more before Christmastime. I am optimistic but so was the news today. If one didn't have to stare our sp in the eye, all the recent news has been very positive up to and including the award news of 5-31-05.

As a good friemd cleverly pointed out, "the watherfalls are now behind us". I sincerely doubt that DVN/PXD/NBL own any properties in the world capable of producing the amount of oil as their new JDZ leases. My guess is this gets put on the FRONT burner and these teams go to work finding oil. Why??? Because they "may" want MORE properties in STP EEZ and the quicker they can discover oil in the JDZ, the better their chances are for picking up additional acreages in STP EEZ or anywhere in the region IMHO. Greed rules in this ballpark.