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Tuesday, April 11, 2006 12:38:09 PM
Look at the overlap of A2 into block 2. It isn't much. It's possible that A is "slightly in block 2, but by an insignificant.
It's my understanding that seismic is accurate at defining rock formations that delineate oil fields. What seismic can't do is tell you net pay and porosity. That's where the wildcat comes in.
I think what we see on slide 16 is an accurate depiction of the fields in the JDZ. After poking some holes to determine net pay and porosity is when the size estimates come out.
Withuall, you sound almost "disappointed" that "only" 10% is in block 2. It's a freebie. It's gravy. Once unitized and CVX starts production they cut us a check. ERHE doesn't even have to drill.
Take a look at field C in block 2... that's where we drill, IMO. 2+ bbl in that one, IMO.
ERHC's share of JDZ oil; 1 billion barrels. Once proven, ERHE will be $10+. All we need is time and patience.
Nuf said.
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