To my fellow learned investors, it seems that some investors...

To my fellow learned investors, it seems that some investors have not understood the announcement.

They have assumed that as we are drilling in the Calumbi formation therefore we have not encountered any oil shows. ( Calumbi being the main target ). Therefore a drop in the share price.

They should be understanding that the target is “near the base” of the Calumbi formation and that we have not reached that yet.

Good opportunity at these prices.

CdChi1, hello again. I have decided to take a position in ERH, a month ago and added to my position today.

I also intend to purchase more through my super fund at lower prices if that should arise.

I think ERH has the potential, it's a great way to build an oil company, explore in mature fields near oil pipelines and develop near term cash flow.

Patience is what is required. I was happy to wait three years in IGR. Am prepared to do the same again in ERH for 10 bagger status.

Regards

Kojasper