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balance_builder

11/14/05 3:27 PM

#13493 RE: Strategyone #13475

Strat...thanks for the post. I, too, have always felt our deals would be sweet in the JDZ what with the leverage of our 100% blocks in STPEEZ.

I still have questions on Addax's ability to develop this deep water block. They were very successful in developing a block 440 feet, but 5000 feet might be a different story. If the JDA didn't feel they could do it, I doubt they would have considered them to fill NBL's shoes.

I couldn't agree more that this stock is very intriguing. 100 fold from any other stock I've been in.

Hdot: Appreciate the info that shares aren't all that available at the bottom.

30Crappie: I haven't had much success with conferring with Sam Dimka. Marks definately the connection there!

Doug: I'm quite convinced the Iranian article was referencing the JDZ. The article broke down the interests in the block which match that of B-5 in the JDZ.

Procon: Your post intrigues me. Based on the referenced article, it sure appears the PSC's could be moving on without us as you stated (without us meaning without ERHC investors or the world being made aware).

TopDrive: Yes, it does seem very plausible and I am extremely anxious for some news to this effect (PSC). Our own company has sealed lips as well as the JDA right now. Perhaps the Iranians let the cat out of the bag. I'm guessing that's exactly what they did. Hopefully Barry DOES shed some light on the process this Thursday if we arent' wiser before then.

Great news that ERHC has already filled the accounting co void.