ERHC Energy Inc (ERHE)

[claudealain]

I expect that results from JDZ blocks 2,3 and 4 will be similar to Apko (i.e. condensate, gas and oil; all IMHO):

REGIONAL PROSPECTIVITY
The principal trapping scenarios for each domain are conceptualised on the schematic section. The shale diapirism zone, on the present-day upper slope, has proven prospectivity (Bonga, Aparo and Usan fields). Basinward, the zone of relatively minor structuration, is highly prospective (the Agbami and Akpo fields are just two examples) and extends into the northern blocks of the JDZ.
The frontal toe-thrust zone has much potential as evidenced by DHI’s and flat spots, and the zone of frontal deformation on the present-day lower slope and continental rise is as yet untested.
(from http://www.nigeriasaotomejda.com/Pages/geological%20-summary.html)


Akpo is the only commercial field in OML 130 at present, but three other significant discoveries have been made – Egina, Egina South and Preowei. Early this year, Total said Egina might be suitable for a stand-alone development – five wells have been drilled at the field, which lies only 20 km from Akpo, with the last three appraisals hitting oil columns of 60-80 metres. Shell and ConocoPhillips have discoveries in adjacent licences and the area is bordered to the south by Block 1 of the Nigeria-São Tomé e Príncipe joint development zone, where Chevron made a discovery with its first well, Obo-1. n
(from http://www.petroleum-economist.com/default.asp?page=14&PubID=46&ISS=24152&SID=694730)