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Peter Nephte, job well done.....
not just the video, but you are running this company correctly, imo.....thanks for your hard work!
wallddog
I just saw the latest video, and.....
Peter, looked so damn pleased, and thrilled,...yet keeping it bottled inside of himself somehow!
Did anyone else get this same feeling?...I think he knows we hit the mother lode!....he looks like he is about to explode with joy.
jmho
Was that a cat, I saw scurring across the floor...
I concur, completely......em
Wow, great News, they are proving up a field, imo....
I gotta believe (if this is true)...that ERHE has commercial oil!
They would not be throwing good money after bad!...WE GOT EARL!..
I remain optimistic, guarded of course, but....
optimistic. All logic says we have commercial oil, in at least one of our blocks, if not all of them.
However nothing is written in stone yet
....Peter, give us a bone... maybe he already has...
With all of our connections, and sources....
nobody had a clue, about this latest News, zilch...nothing, nada, not even a hint...makes you wonder doesn't it?
We don't know jack sh_t!
Topshelf, so sorry to hear of your loss....em
WTF..is there any bad news?...em
spp119....
Very informative summary,...I must admit you are at the top of your game, as usual. Thank you for all you do...even if at times I disagree with some of it.
We'sss Green.......em
Eremor Field.....
Eremor is located close to existing infrastructure and within 12 kilometres of a number of Shell producing fields.The field was initially discovered by Shell in 1978 (Eremor-1), and encountered five hydrocarbon bearing zones:
http://www.gulfoilandgas.com/webpro1/MAIN/Mainnews.asp?id=4575
Three additional wells were drilled to appraise the areal extent of the accumulation between 1984 and 1990. The Eremor-1 well was re-entered in 2005 and a short production well test performed on the D3.0 interval.
Good oil samples were recovered of a low Gas to Oil Ratio, 22 degree API crude. Analysis of the test data indicates that flow rates of up to 2,000 bopd are achievable from the vertical well.
Eremor-1 is currently suspended and suitable for re-completion.Phase-1 of the Field Development Plan includes completion of the existing well and construction of a 7-kilometre oil evacuation line to the nearest flow station. The Field Development Plan and Environmental Impact Assessment have been approved and development work will commence in the near The agreement signed between Afren and Excel defines the commercial terms under which Afren will participate with Excel in the development of Eremor. Under the agreement, Afren will be responsible for financing Phase-1 of the Field Development Plan, and will initially recover the investment from 90 per cent. of net field revenues. Following cost recovery, Afren and Excel will equally share production revenue and costs.
2007 Article about this well.....
Afren signs an agreement for participation in the development of the Eremor Field
Source: www.gulfoilandgas.com 7/18/2007, Location: Africa
Exploration
http://www.gulfoilandgas.com/webpro1/MAIN/Mainnews.asp?id=4575
Afren plc has entered into a Financing and Technical Services Agreement with Excel Exploration & Production Limited for the development of the Eremor Field in Nigeria. Afren has entered into an agreement with Excel to jointly develop the Eremor Field (“Eremor”), an undeveloped oil field in OML 46, located in shallow water off-shore Nigeria.
The field is covered by 3D seismic data and is estimated to contain in place volumes of up to 30 million barrels in the D3.0 reservoir, with a similar potential upside in the shallower D1.0 reservoir. Recoverable reserves are estimated at up to 10 million barrels from the D3.0 reservoir.
Eremor is located close to existing infrastructure and within 12 kilometres of a number of Shell producing fields.The field was initially discovered by Shell in 1978 (Eremor-1), and encountered five hydrocarbon bearing zones:
Three additional wells were drilled to appraise the areal extent of the accumulation between 1984 and 1990. The Eremor-1 well was re-entered in 2005 and a short production well test performed on the D3.0 interval.
Good oil samples were recovered of a low Gas to Oil Ratio, 22 degree API crude. Analysis of the test data indicates that flow rates of up to 2,000 bopd are achievable from the vertical well.
Eremor-1 is currently suspended and suitable for re-completion.Phase-1 of the Field Development Plan includes completion of the existing well and construction of a 7-kilometre oil evacuation line to the nearest flow station. The Field Development Plan and Environmental Impact Assessment have been approved and development work will commence in the near term.The agreement signed between Afren and Excel defines the commercial terms under which Afren will participate with Excel in the development of Eremor. Under the agreement, Afren will be responsible for financing Phase-1 of the Field Development Plan, and will initially recover the investment from 90 per cent. of net field revenues. Following cost recovery, Afren and Excel will equally share production revenue and costs.
Is it feasible to think, that anticlines were....
drilled into, and since an anticline seems to be a structure that hangs vertically, and at an angle...that you could drill right thru it rather quickly.
Also is it feasible to believe that this could explain the shallower TD (total depth) that Addax ended up drilling.
Also can we assume that anticlines, are best drilled into, and then logged, and studied...and then later on,..return and drill at an angle, into the heart of the anticline.
...or am I just crazy!...and don't know jack, which would not surprise me one bit
Look like we need a PR from the company...or
better yet a PR from the Operator of the blocks! Why an FLNG must be steaming its way to the JDZ as we speak. A "DISCOVERY" has been made, and even some trade website knows about it and we don't!...he11, they have known about it for a month.
...Somethin smells fishy with this one to me....and 30Crappie don't smell like fish!...well not much.
Why is OBo1 listed,...Addax is not the Operator!...yet Chevron doesn't list it as their discovery?
Same website doesn't have Kosmos discovering jack...oh well.
Somebody help me get these turnip greens out of my hair!
kownski...this is are fantastic summary of the geology involved in the JDZ, and surrounding area, including AKPO. It's way above my level of understanding, but it may be helpful to the oil savy people on the board.
http://www.nigeriasaotomejda.com/PDFs/JDZ%20Brochure.pdf
spp119... your posts have always had a favorable slant...
in EEL's direction. I don't happen to care for EEL,and actually consider them to be a rival, and enemy...if you will!
I'm hoping for oil, in our blocks, and a lot of it, especially Block 4!....I don't relish the idea of ERHE, having to deal with EEL on a business level.
I also hope that ERHE can push back EEL's "supposed" first picks in the STPEEZ....I'm still not certain EEL picks in front of ERHE. I'm hoping ERHE contests this.
So as you can see, I don't really trust EEL, or anything they say, or anyone affiliated with them.
....thats just how it is!
Dan Keeney...sorry for the misspelling...em
D.Keerney since we seem to have ten different source on this message board, with much better information, than I'm privy to,...I would suggest the Company (ERHE) release an update of current drilling activities.
As a shareholder, I feel at a distinct disadvantage to many other investors in ERHE. PR's from other companies are informing some shareholders, in a "selective" not a "full disclosure" manner, of drilling activities!
spp119 has, his agenda and it is the advancement of EEL.....if it comes at the expense of ERHE, thats fine with him. His real money lies with EEL.
Block 2 is probably gas, imo....so the only way for EEL to gain in this play, is if the entire JDZ is one huge gas region.....that way it makes it profitable for EEL.
If Oil is found, nobody will care about the gas!...they will use the gas to push the oil.
jmho
spp119....you seem to be the only person on Earth that is privy to this information,...very impressive! Besides your source and those you revealed it to, of course.
You must be very special, to have insider information!....are you trading on this information? I feel somewhat at a disadvantage now, in my investment.
Gotta love that one....
Another good sign,imo..is the Sao Tomeans....
seem to be strutting around, wanting to sponsor up coming Oil Trade shows, talking up partnerships with Lusophone neighbors, etc,etc.
They are certainly acting that they will be a force, in the oil world!....at least that is the impression, I get.
I'm still here, and not negative, at all....
I believe we will have commercial oil!...and it will be AKPO in nature (condensate)....we need some News from the company to soothe the weary.
30crappie....
too bad they don't have lasic surgery for your brain!...
The part of PUP's post I was interesting in disecting with the help of the boards oil people was this:
Latest news on drilling operations on the Malanza - 1X. Addax is currently logging the 12-1/4" section... They are running an extensive suite of logs that would strongly indicate the presence of hydrocarbons. 9-7/8" casing will be set (probably tomorrow)and they should be back to drilling (8-1/2" section) in two to three days... All very positive...
....any analysis of these remarks would be much appreciated!...it sounds very good to me!
BWTHDIK
miami....
Actually I thought you were very witty....so no problems here! I really enjoy your posts.
I think I'll just crawl back in my hole...em
I remember from long ago daytrading....
that it cost over a million $$$ a year, for any company, to remain in good standing, and be a fully reporting, publicly traded company....even if the company did nothing, had no business, no offices, no employees, except the bare minimum. zilch.
.....and that was before Sarbanes-Oxley!
What is a "floater"....
Is it a drill ship?...semi submersible?....jackup...FPSO?
If Addax needed 6, for the JDZ...Then the cat would be out of the bag, and the price would be jumping....vertically!
Are these "floater" (which we don't know what they are)...needed for the JDZ, or shallow water stuff that Addax already is involved in.
More questions than answers...as always!...better than the complaining, however.
splinters, big time....em
THANK YOU PUP....let's discuss the meaning of it now, why would they be doing certain things....anything, just to get off the past month of negative posts.
The best thing the company could do....
is to invest a million $$$ and shut this board down!
Regulation 64 Confidentiality
Any information supplied by the Licensee, Lessee or Contractor shall (except as otherwise
provided by these Regulations) be treated by the Authority and its officers entitled to the
information as confidential PROVIDED that the Authority shall be entitled at any time to make
use of any such information for the purpose of preparing or causing to be prepared
aggregated returns and general reports on the extent of oil operations in the Zone and for the
purposes of any arbitration or litigation between the Authority and the Licensee, Lessee or
Contractor.
http://www.nigeriasaotomejda.com/
BB......
http://www.nigeriasaotomejda.com/
Petroleum Regulations
Regulation 65 Release of information and Data
65.1 The Authority may make such use as it wishes of information and data contained in a
report, return or other document furnished to the Authority, provided that information
and data is not made publicly known by the Authority before the periods of
confidentiality identified below have expired.
65.2 Basic information and data about petroleum operations in the area of a licence or
lease may be released by the Authority five (5) years after it was lodged with the
Authority or when the areas to which that information and data relates cease to be
part of the area of the licence or lease, if earlier. However, conclusions drawn or
opinions based in whole or in part on that information and data shall not be released
until ten (10) years after that information and data was lodged with the Authority.
65.3 Where information and data has been released by the Licensee, Lessee or Contractor
or some party acting on his behalf, the Authority shall not be obliged to maintain the
confidentiality of that information and data.
65.4 Information and data relating to a seismic or other geochemical or geophysical survey
shall be deemed to have been lodged no later than six (6) months after the survey
has been essentially completed. Information and data on wells shall be deemed to
have been lodged no later than three (3) months after the well has been essentially
completed.
65.5 Access to information that is not released that relates to or is adjacent to a particular
License, Lease or Contract Area shall be based on mutual agreements between the
Authority and the relevant contractors.
65.6 The Authority shall be free to use any information and data relating to relinquished
and surrendered blocks or relating to other blocks outside the area of the licence or
lease, including releasing it to any party.
65.7 Officials of the Governments of the States Parties may have access to information
and data provided to the Authority under these and other Regulations, provided such
officials comply with the provisions of this Regulation applicable to the Authority itself.
ERHE is not allowed to release information,...
about drilling results, and activities unless the Operator of the Block, allows it. This is written in stone, in the Treaty and Petroleum Regulations, which each company involved in activities in the Zone...has signed and agreed to.
ERHE can't release News, until SNP say so....and no SEC rules trump a Treaty and Petroleum Regulation, from the Nations that own the oil....Nigeria/STP.
jmvhooc
Always has.........em
The STP'ers certainly are going around completely convinced they have commercial oil/gas resources.
jmho
ooops out "there", sorry MN...em
A Big Salute to all the Veterans out their....
"Bushwhackers"
Recon/Ambush Platoon
RTO (radioman)
Vietnam 69-70