ERHC Energy Inc (ERHE)

[Stay the Course]

Oilphant's "FPSO in B1" post has little significance. Just another sparkling lure in the water to get posters to snap at. And fish do snap at such lures.

An FPSO is the obvious development solution for JDZ B1 !

There is only one well drilled and part evaluated and maybe another underway. Does not mean an FPSO is going to be there pronto and ERHE producing in 2007. Even with an EPS maybe late 2008!!

Takes some time to find and get an FPSO, commit for B1 and more time to get on location. Not the same as Deepwater Discovery sailing in for a 60 day drilling program and leaving.
FPSO market is hot these days and deliveries long. Tough to find an existing FPSO on short notice.

This kind of post and the reaction does a dis-service to the board in getting folks' hope up on unrealistic projections, IMHO.

Now if Oilphant were to come out and say that "XXX" FPSO is under consideration by CVX to go on contract at YYY time for an initial contract of ZZZ years and cite sources, then that would be a useful contribution to the board.

Am in the business and could speculate on XXX, YYY and ZZZ but would be totally irresponsible.

If insider wannabes want to leak clues, IMO they risk getting run off by their employers, and in the event of a serious dispute, the discovery process would quickly identify them.

And after that serious stuff, any jokes now, e.g. scapegoats and low float goats and other big horned critters?