sorry sle i should have distinguished between 330 and 430 in the earlier post.
330 will cement the price at reasonable levels for those who bought pre March,
430 has the potential to take it to the next level, i think from memory they said they are targeting 10-15mil bbl of oil, but they intersected more meters than first thought, HENCE the potential to increase it, but until its all offical and its commercial, etc etc, the sp will languish.
good thing for erh is infrastructure already exists because its in a good oil area so the potential for takeover by the majority holders makes financial sense to them, thats if i was them, but i am not, i am jsut a shareholder postulating.
cheers
ERH Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
