ERHC Energy Inc (ERHE)

[manuel06]

It's never realized till the drill bit confirms. IMO
this estimate was done with comparable structures to existing producing structures in the surrounding area. There was oil in Block 1 and block 2....but not in commercial quantities as per the drill bit. The lack of activity points towards less than required quantities for deep water exploration.
The turbidite fan structures were said to not have trapping seals and thusly we were left with methane gas migrating up and not trapped or sealed off. the maps had shown that the faults were there but weren't all the way down to the basement so there were leaks within the fault structures.
This is my opinion from what I have read and simplified for discussion purposes...LOL
Baz