picked a few shares up at 17.5 and 18c for a quick 2c trade...but given the announcement content, i'll hold on to them a little longer....in particular, re 330:
"These are expected to be significantly greater than the previously announced peak rate for the field of 2000 barrels of oil per day (bopd) and proved plus probable reserves of 11 million stock tank barrels."
Looks like a busy first half for ERH...will be interesting to see what happens with 138 and 59...if Silver Marlin is in difficulties, the obvious move for ERH in my mind would be to take a much more significant % interest in the fields with of course a greater expenditure commitment...given the significant oil revenue ERH will make in the future, I dont think this would be a problem.
Cdchi1
ERH Price at posting:
19.1¢ Sentiment: LT Buy Disclosure: Held
