Here's a quote from the story for you that has relevance to ERH,
"Royal Dutch Shell, meanwhile, paid close to $1.76 million for five blocks in the San Francisco basin, an area for which there is little geological information but that geophysical studies indicate could be a new frontier for oil exploration. "
If you read the Mercury Report we have a block in this vastly underexplored area( Called the Sao Francisco Basin I think ). This annnouncement could bode well for ERH is someone makes a discovery in the basin in the near future.
Have a great Christmas and I am looking forward to a prosperous 2009.
Regards
Kojasper
ERH Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held