Erhe .48

[chinaman711]

Might want to watch erhe don't know why its having a good day.

[chinaman711]

Got some volume coming in now at .515

[chinaman711]

Keep an eye on ERHE as volume came in yesterday. ERHE owns a % in blocks 2, 3 and 4 in nigeria and CVX and XOM own block 1 where they have discovered a huge oil find. When the drilling starts in 2 3 and 4 ERHE will not be selling for 50 cents imo. Look for a run to a buck and alot more l/t

[chinaman711]

I think i found out why ERHE has been moving this is going to be a great l/t play imo. ERHE owns a % in blocks 2, 3 and 4 and they will start drilling soon. Watch the the news to come---------------------------------------
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Home Operations Sao Tome/Nigeria JDZ Operations: Sao Tome/Nigeria JDZ
Awarded 10% (7.5% net) in Block 4 of Sao Tome / Nigeria JDZ
$US 90 million gross signature bonus
212,000 acres (16,000 net)
World class exploration acreage
Several elephant size structures mapped on 3D seismic
Potential 2.5 - 3.5 billion barrels
3 exploration phases:
- phase 1 : 4 years;
- phase 2 : 2 years;
- phase 3 : 2 years.
The Operator plans to drill an exploratory well first half 2007.
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