ERHC Energy Inc (ERHE)

[monkeytrots]

check the facts out - CEIBA field -

NOT ultra-deep water, like the JDZ - water depths of 2,165-2,621 feet. ( JDA _ water depths 1,000-2,000 METERS == 3,280 - 6,562 FEET ).

http://www.offshore-technology.com/projects/ceiba/

And, just for your info - Triton Energy no longer exists.
It was bought out long ago by Amerada Hess.

Reserves of CEIBA - estimated 300 Million - and this estimate is AFTER several years worth of production history.

The Field is MUCH closer to shore than the JDA/JDZ blocks.
http://www.guineequatoriale-info.net/info/news_oil.htm

And the FPSO is moored in 100m of water, only about 4.5 miles from the successful wells (yes, there were a busted well or two).
http://www.oilonline.com/news/features/oe/20010101.Speculat.29.asp

NOTE: A 100m (328 feet) mooring depth for an FPSO will NOT be possible in the JDA. Not by a VERY LONG SHOT.

It was very misleading for the industry to label this as a 'deepwater first' - it was not. It is shallow water production facilities tied to deepwater wells. There is a HUGE distinction in costs, and timings.

Also - the 14 months was time from completion of the first Exploration well - which HAPPENED TO HIT - not from the time of the PSA/PSC leasing award of the tract to Triton.

Just keeping the FACTS straight and honest. It really helps if one knows the oil biz - first hand.

It is my firm opinion that the XOM field previously mentioned and documented, 13 years from start to first oil, is MUCH MORE representative of the JDA case than the CEIBA field that BB talks about.