ERHC Energy Inc (ERHE)

[petemantx]

Goes back to my posting 170089 in which I asked who determines the results of a well and why the results could not be skewed to reflect whatever the operator wants them to reflect?

As one with no knowledge of oil patch workings, who sees the logs so as to be able to analyze them outside the operator?
I know all JV's and the JDA share results but does this mean the actual logs so they could have their own people interpret the results? Is technology such that 3 or 4 different analysts would all arrive at nearly identical results for a well or field from the same logging data? What if operator gives one set of numbers for a well and JV member reads them far differently? Why couldn't operator downplay results until after EEZ bidding and then drill another well and say something like " this new well greatly increases the block's holdings and our new reserve estimate is double or triple what we thought just a few months ago?

I am hoping for answers that show this type of deception is not possible due to various checks and balances in the analyzing process by the different parties involved.
Not trying to be paranoid, but with the monies involved can't overlook any angle that could be worked to add multi-millions to the bottom line of the operator.