9m of oil in a secondary target. Drilling continuing. Interesting to note the commentary of only minor oil shows. If this oil column was found in the cooper basin, it would be significant.
Drilling of 330b, more income coming in. Production of 135 bod together with 65 bod from 330 (erh share is 40%)
Testing of 430 again with an horizontal well in first quarter 09
Drilling of 59 in first quarter 09. Hopefully we get extension from anp
This most probably explains the price lift the last few days. Has been a screaming buy for a month now.
ERH Price at posting:
15.8¢ Sentiment: LT Buy Disclosure: Held