ERHC Energy Inc (ERHE)

[midtieroil]

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Akpo Deepwater Discovery Disappoints Total

Total Fina Elf's much-hyped deepwater discovery in Nigerian oil prospecting license (OPL) 246 has turned out to be less significant than first thought.

According to information and documents compiled by Total, the two Akpo exploration wells drilled so far have found estimated reserves of 200 million barrels of crude and condensate in place.

This means that, as matters stands, the Akpo field is not in the same league as other major deepwater finds in West Africa. Indeed it is well below most previous estimates, some of which had suggested reserves of more than 1 billion bbl.

After you hear the link below Who would agree?