ERHC Energy Inc (ERHE)

[Stay the Course]

Commonly to run a Drill Stem Test (DST), maybe 10-20 days, or even an Early Well Test (EWT), say 30-180 days, done with the deepwater drillship or semi there and could use a barge for the production, maybe even a tanker on DP. All takes many months of planning. But highly unlikely an FPSO at this stage.

Additionally in these water depths it takes serious investment in buying and installing the risers (the high pressure flexible or rigid pipes) that bring the oil from the subsea wells to the FPSO a mile or more above at sea level, and needed for FPSO use.

"FPSO on B1" perhaps 2-6 years from now. The implications drawn on the board this morning from Oilphant's cryptic post were way premature, IMO. But probably difficult to avoid in a forum like this. Classic situation of off the wall unrealistic snap conclusions but not seen that way if not in the business. Which is one reason why the board is here to clarify.



Stay the Course, if you have the patience