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Sunday, November 02, 2014 4:10:38 PM
More recently, in their "Presidential Seal of Approval on BDS 2008" press release of April 28, 2014, ERHC again estimated "the un-risked resource potential in the two focus areas in BDS 2008 to be 250 million barrels of oil equivalent (MMBOE)."
Likely, when the analysis of the airborne gravity/magnetic survey done by Bridgeporth is complete, we will get updated information. We are already off to a good start.
I don't know if 250 MMBoe unrisked is enough to attract CEPSA's interest; but hopefully it will be enough to entice a mid-sized company to farm in.
And of course, if the 2-D seismic is compelling enough, ERHC still has the option of farming out another piece of the pie in Block 11A.
And then there is the EEZ.
Any fool can criticize, condemn and complain and most fools do. – Benjamin Franklin
What is a cynic? A man who knows the price of everything and the value of nothing. – Oscar Wilde
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