ERHC Energy Inc (ERHE)

[manuel06]

LOL Wall:OT:IMHO we agree about easy oil being Passe'
There are many SAGD(steam assisted gravity drainage) wells being drilled in Canada's oil fields.Well pairs are used to steam treat the oil for up to 90 days then Bituimen is pumped out and either refined or sold as DilBit(diluted bituimen).Connacher oil and Gas is just 1 example of such success.15 well pairs ramped up to 10,000 bbls/day.these are small projects but returns are worth it at 70.$ oil.Easy oil is probably peaked out...unconventional oil will become popular. Exxon has just partnered with MOL(of hungary)to drill for gas in the Mako basin along with junior Falcon Oil and gas!!!! ...And then the Shale fields in ND.and Colorado shows much promise for hydrocarbons too.The huge Suncors' etc. are open pit mining for oil.Very cost prohibitive except for the price of oil these days.I'm sure we all have read stuff on this as our interests lay with oil production whereever and however.IMHO we agree on easy oil being exhausted ...so yes they are drilling miles into the earths crust.
Baz
disclaimer:of course North America will drill abroad so they don't deplete oil at home...easy or difficult extractions.