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Microcap & Penny Stocks : Environmental Remediation Hldg Corp. (ERHC) -- Ignore unavailable to you. Want to Upgrade?

To: SnakeInATuxedo who wrote (382)	6/5/1998 2:43:00 PM
From: Andy	Read Replies (1) \| Respond to of 671

It adds great confidence to the stock to see one of the world's biggest oil and gas company (Schlumberger -SLB) teaming up with a relatively unknown "BB" company ERHC. According to the text, major oil companies already examined the preliminary seismic data and indicate strong interest in this DRSTP/ERHC project. As a result, SLB is proceeding to acquire additional seismic and to be a technical advisor and coordinator of the lease sale. Blocks in this area, according the article and also SLB Geco-Prakla as I indicate in a previous reply (#344), sell for millions of dollars each. With respect to Gabon (#369), blocks size range from 4,000 to 12,000 square km (see Exxon press release on May 27th). DRSTP area is huge, 64,500 square miles. ERHC management team and other parties will be in STP next week. More to come!!!

To: SnakeInATuxedo who wrote (382)	6/5/1998 5:36:00 PM
From: Jeff Williams	Respond to of 671

C.L., et. al. -- I sent one response to your post, but it never made it to the thread, lost in cyberspace I guess. I want to thank-you for sharing the news in your last post. I think SLB coming on board will do a great deal to increase ERHC's credibility in the market place. They could not have made a better choice. The lease area is roughly 800 square miles, or approximately the size of Washington, Oregon, and Idaho together!!! Needless to say, an area that large can hold a lot of oil. Does anyone remember what percentage of the lease sales will flow to ERHC and their JV partner? I vaguely remember 40%, but I'm not sure. Obviously great news. They are really moving forward on this project. I have to think with this under their belts, financing cannot be far behind. Thanks again, C.L. Regards, Jeff