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kingpindg

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kingpindg

Re: O Papa O post# 220867

Saturday, 08/28/2010 1:04:44 AM

Saturday, August 28, 2010 1:04:44 AM

Post# of 361412
O Papa O, here's the answer...

Apparently the information from the NSAI webpage refers to analyses prepared for Equator and not ERHC. Which raises another question...why were the NSAI pre-drilling estimates for Block 2 for Equator (1,349 MMBBL Unrisked, 352 MMBBL Risked) so different to those prepared for ERHC (350 MMBBL Unrisked, 114 MMBBL Risked; based on ERHC 22% interest)? Wouldn't they have used the same data?

Perhaps this was discussed when our NSAI estimates first came out, but I do not recall.

http://ww7.investorrelations.co.uk/equator/uploads/press/UpdateandClarificationonOPL321323andBlock2JDZ.pdf
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