ERHC Energy Inc (ERHE)

[vineseeker2]

YankeMike, I think some of the difference is related to technology. Both of these rigs have "logging while drilling" ability and will be sampeling as they drill. When I invested in the shallow land based wells I was in before, they collected samples all day long as they drilled and the geologist made a trip to the well site to evaluate them. They brought in logging equipment after total depth was reached and then started their evaluation.
Current state of the art equipment could send the same information to a geologist team in Houston or Nigeria or Sweeden while the well is still in progress, not after they are done. That alone would cut 30-45 days out of the evaluation process.