ERHC Energy Inc (ERHE)

[midtieroil]

If AO drilled 23 wells and 17 were successful that's a 74% rate far better than the 25% rate some have been saying that can be expected for our block.

Companies and individuals often state statistics like those above to attempt to prove that exploration in Kenya or anywhere else is far easier than it really is. But if you take a look behind those numbers you will see that most of those wells are production wells and appraisal wells drilled in conjunction with discoveries which have already been made. A lot more of them are in basins where discoveries have already been made.

If you just look at exploration wells in virgin basins in Kenya or anywhere else you will see that a 25% number is about right. It might even be high.