ERHC Energy Inc (ERHE)

[vineseeker2]

Total has the same range of foriegn investments available to it as the other big boys. They are going to be interested in block 1 because it makes sence, not chump change. The original announcement from the JDZ was Obo-1 was a billion barrel find on its own. It was also very high pressure, just like Akpo. The FSPO (or FPSO, depending on which site you look at) for Akpo cost $850,000,000, that doesn't count the cost of 42 wells numerous manifolds pipes etc. Total is not going to be interested in buying marginal production with complicated development and recovery costs. If there is not significant oil and gas Total will use their technical ability where there is. The expertise they have developed is not cheap and is not going to be wasted on marginal production