ERH eromanga hydrocarbons limited
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trading halt, page-26

  1. cdchi1
    8,972 Posts.
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    04/06/08
    13:09
    Post #: 3812728
    oneup

    As someone posted earlier, placement is at 47c (reasonable) and only raising $5 million.

    Personally I think we will see news on both 330 and 430...and i hope it contains estimate of reserves. Should provide another upside kick.

    Personally I'm hoping for a MINIMUM of 5 million barrels at 330 and 10 million barrels at 430. Anything more than that, and the SP is way to cheap (though it already is too cheap).

    Then we just have to wait for flowtesting.

    By the way, its been a few weeks since 330 was drilled so I would think production approval from govt would be imminent.

    Cdchi1
    ERH Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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