ERHC Energy Inc (ERHE)

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the well was deliberatley sunk off-structure

Last year, the partners revealed that the probe, drilled by Tansocean drillship Deepwater Discovery in a water depth of 1720 metres, hit 150 feet of hydrocarbons amid industry speculation that the well was deliberatley sunk off-structure to determine the aerial extent of the targeted play.

Indications that a world-class discovery had been found were initially backed by public statements issued by Nigerian Energy Minister Edmund Daukoru, but neither government officials nor company executives have subsequently said anything about the tight-holed probe.

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