ERHC Energy Inc (ERHE)

[petemantx]

If the find in Block 1 is indeed as large as many on this board have indicated, then it seems from your post that CVX will have to take 6 months or more to properly test it to confirm what they have before announcing any possible major find in the Block. I can see why they would not announce before being absolutely sure. As such, all the talk about announcements from CVX within a short time frame (and even before end of June as some have said) seems farfetched and bordering on pure BS.
I assumed that drillships were used only for drilling (due to their scarcity and cost per day) and that some other less expensive equipment could be used for testing wells. If not, then it seems a company would have to have the drillship for a year or longer to drill and properly test an expected major find. It just seems that there is so limited a number of rigs / drillships / etc. that that is the cause for the many years necessary to bring a big find to production.
I also infer from your post that Oilphant's FPSO statement is most likely bogus. As such, makes all his posts very suspect. Do I read you properly in thinking that the FPSO is totally impractical at this stage of Block 1 development?