ERHC Energy Inc (ERHE)

[spp119]

Red,

You may remember that it was I who argued the case for non-dismissal of the importance of gas on this thread....and had stones thrown my way.
Alas, so far the only concrete evidence we have (and only from the single well at Blk2-Bomu) has gas turning up.....but in pitiful amounts.

(Still, a possible next round of drilling there....and more importantly next spring's drilling on Blk 1, may offer up commercialisation opportunities via a cluster development).


As for the actual volumes....Unlike you to get mixed up with the numbers;

1 Cubic Foot(ft3) = 0.1781076 Barrel (Petroleum)(bbl)
http://www.rigzone.com/calculator/default.asp#calc

Accordingly, the "purported" 200-250Bcf estimate discovered at Bomu (which is certainly not purported to me) amounts at most, to roughly 44.5Mboe . And that, sadly, is a far cry from the 274mmbbls (mean) last estimate given out by the Addax/NSAI team for Bomu.

Now....about Kina (and Lemba), I have come to fully understand the meaning of a "tight hole"...

regards,
spp119