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Re: oilman007 post# 1701

Tuesday, 07/18/2006 8:30:06 AM

Tuesday, July 18, 2006 8:30:06 AM

Post# of 10911
This is where the discussion gets a little convoluted. The article did not state that Al Qaeda would probably be targeting the JDZ. It stated that these terrorists may attack Western targets in Nigeria.

*If you look at the current terrorist activity in Nigeria, it mostly targets onshore with the occasional offshore.
*The JDZ being so far offshore offers some protection, imo, just in terms of logistics.
*The high profile American companies drilling in and around Nigeria/STP further decreases the desirability of attacking an oil rig who has a minority partner that is a US company.
*The US Navy partnering with Nigeria and STP in this area will further decrease the ability to get to this area.

So, the question is there a possibility that an oil block that ERHE is participating in will be attacked by terrorists at some point? Um, sure, there's always that possibility. But these days most anything is possible. Probable, not in my opinion.

And, btw, you do realize if these events were to occur, we are talking about at least two to three years from now?



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