ERHC Energy Inc (ERHE)

[vineseeker2]

Krom, what I see as a real problem with the 25% relinquishment is if the JDZ needs to be developed as a single field giving up that space may interfear with the Total subsea system that would unite all the prospects in an area to a single FPSO not necessarily located in the emediate area.
Total recently anounced it had purchased a FPSO for the Egina development that would be able to have capacity for additonal development (Egina South and Block one? or maybe block one and two?)
Can you run your subsea system over teritory you have relinquished? Can someone else acquire that 25% and choose to drill where it causes you difficulty, maybe just to be paid not to develop. Could this be part or all of the problem with going to phase two?
If you look at the subsea system at Akpo, it covers the whole prospect area, manifolds tied to other manifolds, injector wells tied to a common system for all twenty, look at block four in the Ibox, how do you tie all those together and give up 25% of the block?