Monday, March 28, 2005

Sumatra Quake Estimated at 8.7 On Richter Scale

An earthquake that struck the large central Indonesian island of Sumatra about an hour ago was estimated at about 8.7 on the Richter scale is being called an aftershock of the December 26th 9.2 earthquake there.

Tsunami warnings have been issued, but it is not known whether one has been generated because it struck after midnight.

The tsunami generated by the large December quake killed an estimated 300,000 people.

There is no immediate word of deaths or drownings, but casualties and substantial property damage should be expected from a temblor of that magnitude.

Oil operations were not notably affected by the December quake, although there are numerous drilling platforms in the nation's offshore waters.

It is unclear whether the temblor will have an effect on oil prices. There was no apparent affect on ERHE's share price, although it did move back to $0.74 in restrained noon-hour trading shortly after news of the quake hit the airwaves.

The aftershock is expected to generate new aftershocks as well.

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