ERH eromanga hydrocarbons limited
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the next paca well

  1. Papertigger
    4,420 Posts.
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    09/04/10
    11:11
    Post #: 6551731
    I looked on the gavea web site, but can't see anything on progress in the Sergipe- basin....but the snippet from the ERH quarterly suggests we should be seeing some action soon:

    "Planning was underway for the Paca 3 development well which is expected to be drilled during the second quarter of 2010."

    The gavea site also has a section called "Objectives", which doesn't specifically say that they aim to make any money, but there are some other comforting phrases: " The objective of GVEA OIL&GAS and its subsidiaries is to pursue oil and gas projects in Brazil, Latin America and West Africa." I hope they pursue them a bit quicker soon.
    ERH Price at posting: 9.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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