ERHC Energy Inc (ERHE)

[Tapco1]

Dadd Nice picture of Transocean's Deep H20 Delivery

Some additional specs. on the ship:

http://www.deepwater.com/fleetspecifications.cfm?ID=712

Built in 2000 it is a 10K - 30K Class Ship that is renting out to DVX and XOM for $ 167K per day until Aug 06, 2006. If it rented for just a few days the cost would be Approx $ 500k PER DAY

Read somewhere that in 2008 More New Drill Rig ships will hit the high seas then at any other time in history.

The cost to buid and rent these rigs is astronomical. Ergo we may never see $40.00 oil again.

JMHO

TAP