- they never hit 143m of total oil shows at 430 and there is no workover rig currently testing this
- they never really announced a 2,000 BPD development plan for 330
- they never found 430B which is estimated to be bigger than 430
- their JV partners are not really ex Petrobras technical staff that picked up the best onshore projects after the oil industry in Brazil was privatised
- they dont really have millions of bucks in the kitty to fund all the above with many more millions available from options exercising and partly paid calls
I'm being sarcastic just in case you were wondering.
Cdchi1
ERH Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held