ERHC Energy Inc (ERHE)

[Spec29]

WOW, just plain F'n wow...

Just remember this post below by lsm39_2000. The guy may have just hit the nail on the head.

It is very much suspected to be one of the largest finds in history. They think the reserve may be up to 100 miles long to go along with the rumored over 800 feet of net pay zone. They have also stopped all talks of buyin/buyout until CVX comes out with their discovery.

Also, check out the major fault line that goes through blocks 2, 3, 4, 5 and into OPL 258 on the PGS site linked. I went on the Afren website where they have a legend for distance on their map and estimated the major fault line to be a little less than 100 miles long.

This is all unsubstantiated rumor until CVX makes it's announcement on the discovery but you can bet there will be no buyin/buyout talk until after that announcement.

The PGS web link:

http://www.pgs.com/Custom/templates/DataLibrary/survey____25536.aspx

The Afren web link:

http://i50.photobucket.com/albums/f346/CobraJet1/B1-FIELDS.jpg

lsm39_2000's post:

By: lsm39_2000
24 Feb 2006, 06:13 PM EST
Msg. 84091 of 91067
Jump to msg. #
Yemen -
I see the fine hand of CVX in all of this.

I vaguely recall a simplified structure map from a couple of years ago that had a northerly bounding E-W fault with contours on the south side that indicated one closure against the fault that encompassed all of blocks 1,2,3,4.

If this is the case, Chevron mis-interpreted a flat spot as the O/W contact and they are either in a high liquid gas cap, or are in a statutory gas zone, and the oil leg is in all three of the other blocks.If this is your recollection, this structure would be Gawar sized (if not Gawar shaped).

Besides the fact that, if this is the case, CVX should fire all involved for stupidity, if not incompetence, they would have proven up a field that would double their (Corporate)reserve base all around them (but not belonging TO them).

Is this the map that you are talking about in this morning's post or am I hallucinating?

At any rate, if this is so, Chevron would be willing to do anything to get back into the field.

Help an old man's memory -TIA and

Cheers,
Larry

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I'm out to lunch for the next hour.