One must read the last announcement very carefully.
Mobilisation of equipment to site has begun. We don't know where this equipment is coming from or how long it's going to take to get to site and set up.
The announcement also states that the rig is immediately available in the area so it is the equiptment that is holding up the process not the workover rig.
17 days since that announcement. I am sure that Phil and his team is working away frantically on the field size and getting the equipment to site as soon as practicable.
They are also working away on 430b. I am sure that ERH are keen to see the share price over 75 cents so that the next lot of performance shares can be exercised.
A feeling that news will be out this week.
Regards
Kojasper
ERH Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
