ERHC Energy Inc (ERHE)

[farrell90]

Obo 1 discovered 150 feet of net pay drilling off structure. The seismics suggest they picked one of the least likely areas to drill. It seems logical to assume you could multiply the 150 feet of net pay by several factors if one drills at the apex of the structure. It is likely Chevron had similar information when they drilled Obo 1. So why drill off structure? I am sure there are a variety of technical explantions. I would enjoy reviewing any thoughts from our online oil experts.
Of course the motivation for drilling off structure could be political. The drilling fulfills some of Chevrons obligations to the JDA. It would pacify the leaders of Nigeria and STP.
It also would buy time for Chevron to negoitate from a stronger position with SEO and ERHE, arrange political investigations by the United States government, and indirecty sponsor incriminating studies by our opponents in STP.
Since it has been almost 2 years since Obo 1 has been drilled,it is my hope these manipulations have been fruitless; and SEO has held his ground. Future drilling will answer all of our questions.
Hopefully BB is correct and the posting of the seismic data is a sign more good news is soon to come. I am still holding. JMHO Farrell