InvestorsHub Logo

TOB

Followers 162
Posts 5764
Boards Moderated 1
Alias Born 09/15/2010

TOB

Re: emdyal post# 261207

Tuesday, 07/10/2012 9:57:32 PM

Tuesday, July 10, 2012 9:57:32 PM

Post# of 360661
ERHC's EEZ blocks are quite huge in relation to JDZ 2-4, and an overlay chart helps illustrate this visually.

Very good map. I had no idea that ERHC's EEZ blocks were that huge compared the the JDZ blocks.Thanks.



You're entirely welcome.

In the past we had individual charts of the EEZ and the JDZ, so it was difficult to get a sense for the proportion without doing an overlay like I did.

This chart below was done by ION as part of their new basin scale 2D Seismic program which includes ERHC's JDZ 2-4 blocks and ERHC's 100% EEZ blocks.

I've coloured both the JDZ blocks in active exploration, and the 100% EEZ blocks in yellow to compare and contrast their relative size.

I have not included ERHC's other JDZ blocks, two of which are in arbitration, nor ERHC's two optional 15% blocks in the EEZ as these have not yet been chosen.

It is also good to see additional, state of the art seismic being done in ERHC's JDZ and EEZ blocks. This is intended to:

open new play types for future explorations opportunities, while clarifying existing drilled plays and relationships

Gain greater understanding of the basement architecture and its potential for the deepwater Niger Delta

Advance understanding of shale tectonics and the region bounded by counter-regional faults



This new seismic of the EEZ add to the existing seismic, which can be seen in the charts below the new ION Nigeria Span. There is indeed a good amount of existing seismic in the EEZ, especially in ERHC's Block 4.



The grey lines show existing EEZ seismic in ERHC's huge blocks 4 & 11.







It wasn’t the thinking that got me the BIG money, it was the sitting and waiting – Livermore