Very informative. If only we could have such all intelligence gathering power.
I am happy with where ERH is going, this sort of market action just separates the traders from the investors.
I also heard that the company was very excited about the second prospect at 430. I think with the NW/SE trend from Angelim we could be looking as good or better than the first discovery on 430.
I hold for the longer term now. I want to see the benefits of holding a junior oil speccie that turns into a producer of some merit. With the market cap, we could be looking at greater than $1 and possible $2-3 in the next 6-12 months if we get continued success in the next few wells.
It would be fantastic to see ERH with 10,000 barrels per day production in 12 months time as a minimum.
Regards
Kojasper
ERH Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held