ERHC Energy Inc (ERHE)

[nordicroots]

Krom - did anyone here see the seismic data and interpret? Just because JACA-1 itself is not commercial does not mean adjoining block is a dud. In fact it could very well be just the opposite,
The language in the PR says this JACA-1 well itself is not commercial but also notes presence of oil.
Anyone that’s worked around the oil patch knows a lot depends on the geology. I’ll bet others on this board are aware of circumstances where drilling has only confirmed the oil is exactly where the geological team has predicted based on their interpretation of the field formation. Have they drilled updip of a commercial find with this JACA-1 well? Exploration wells are just that - exploration; great when it yields pay on the first try but the data it yields is also extremely valuable as well - particularly if it is useful to confirm the team’s interpretation of seismic data.
In other words, since it’s not here in commercial quantities will they find it’s drained downhill into Block 4 into a great big reservoir in the adjoining block?
It’s silly to speculate one way or another without really understanding ALL the factors the geological team is looking at across this entire field.
Just my two cents.