Checking the ERHC chart the release of the EEL 2011 report on 5/24 correlates exactly with the increase in ERHC trading volume. Over million shares were traded that day.
What does that fact mean? I am afraid it is another ERHC mystery.
I do think it is significant that Sino/Addax is still here and operator of JDZ blocks 2,3 and 4 in spite of the EEL report.
IMO It looks like the next step is still up to Total and the block 1 drilling results will almost certainly determine which way development of the JDZ precedes.
We should have some insight into the drilling results soon. Farrell
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