ERHC Energy Inc (ERHE)

[RUBY1100]

06/12 Upstream News ERHC **

Sinopec prepares wildcat
Chinese giant Sinopec is set to spud a high-profile wildcat "Within Weeks" in Block 2 of the Nigeria-Sao Tome Joint Development Zone (JDZ).
Peter Ntephe, chief operating officer of minority partner Houston-based ERHC Energy, which also has interests in JDZ blocks 3 and 4, said an exploration well on the Bomu prospect is "less than six weeks away".

Bomu lies in deep water and has a pre-drill resource estimate of about 275 million barrels.

As part of a rig-sharing agreement with fellow JDZ partner Addax Petroleum, Sinopec will used Transocean's Deepwater Pathfinder to drill Bomu.

On completion of this well, the drillship will mobilise to Addax-operated Block 4 to begin a three well campaign starting with the 350-million barrel Kina prospect.


--------------------------------------------------------------------------------
Thursday, 11 June, 2009, 23:01 GMT | last updated: Thursday, 11 June, 2009, 23:01 GMT