I may be overly optimistic, but when I read Farrell's linked article about APKO and their current 175,000 barrels per day production of oil plus natural gas and condensate I was impresssed.
I was even more impressed reading about all the problems that existed and continue to exist in developing that complex, multi-resevoir field. Let's face it, APKO is the closest major oil development to the JDZ, only a few miles away.
When I read of oil in different zone levels and problems with gas and high gas pressure and the inter-related development of all the resevoirs - all the pronouncements from ERHC, which we have found to be evasive, rang true.
Perhaps the oil engineers and geologists do expect and hope to find another APKO. Not another Jubilee field as we amatuur retail investors hope for.
It will be a cooperative multi-resevoir, multi-field development that will take a lot of analysis, patience and development as Southern Man has posted.
What ERHC has been telling us may not be evasive or bad news, it could be the honest good news of another APKO being dicovered.
It could be that the impatient, amateur retail investors are the GREAT PRETENDERS on this message board.
And ERHC and the knowledgeable oil people on this board have been telling us the TRUTH!
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