ERHC Energy Inc (ERHE)

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Kobiashi: There's a serious difference in the water depths for ERHE production is much much more than existing Addax production. And in current market getting equipment for drilling in 6-7,000 ft. water depth wells - and then production takes additional time. Not talking a 1-2 well EPS but full field large scale. Chevron gets after it aggressively even tho they have many other projects because they have lots of people to do so and the money, and contract it out too. So any expectation of first oil for ERHE before 2010-2011 is quite unrealistic, IMHO.

But I can hardly imagine SEO and ERHE sitting on their hands and not promoting the heck out of opportunties they will develop between now and first oil. So for different reasons believe we longs can still expect good growth.

And now back to the day job for a bit more. It has to do with ultra deep water floating production, so felt I had to jump in here, Kobi, and must say have appreciated your thoughts posted in the few months reading here.


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