ERHC Energy Inc (ERHE)

[Curious62]

Either the number of reservoirs encountered were less than what was anticipated or some reservoirs were wet i.e. non-gas. In a virgin area, the rocks to be drilled are "estimated" from the seismic data. The seismic data response is based on density contrasts between different rock types. Interpretations are made based on many, many assumptions of what these densities might be until actual measurements are taken via drilling results. In a virgin area like this, it would have been very surprising if they would have encountered exactly what they proposed they would find. It is very possible they found fewer reservoirs than they expected. Adjustments are then made to the seismic models for re-interpretation of the entire data set. If some reservoirs were wet and while some had gas, this would add more mystery and complexity to the exploration model.