BPH - 13 years to first production for XOM ERHA field. A partial answer to 'when will the first well be drilled.' Look at the history in the area - not the claims that are made. How many wells ? - Take a look at the ERHA field - that should start to give you a feel for this type of play. Links below.
That's right folks - 13 years.
LMBO !!!
1993 - Licensing round Dec, 1999 - announcement of DISCOVERY WELL by Exxon est 2006 - first production.
Market Data 
Markets 
AI
