ERHC Energy Inc (ERHE)

[bayfisherii]

Sorry Kobiashi,

That is not entirely true. The Beaufort sea is a very shallow sea just North of Prudhoe Bay. It would not be too expensive to lay a pipeline from the production field to the Alaska Pipeline and Alyeska would probably incentivate them for doing so as this would keep that piepline viable for at least another 3 to 5 years.

Our 300 Million barrel field is large but the ecnomics associated deep water and starting at square-one put the hurdle rate probably above 1 billion barrels (cumulative)