ERHC Energy Inc (ERHE)

[oilman57]

Here is some good insight regarding drilling times from RB.

By: whistleblower318
10 May 2005, 12:41 PM EDT
Msg. 39299 of 39365
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For you people with limited knowlegde on drilling in deepwater....First of all they don't custom build rigs to drill for oil/gas in deep water. They contract a drilling rig (floater/drill ship) and drill an exploration well. Upon finding oil/gas pay zone, they then formalize their drilling campaign and production plans. In this part of the world, they would mostly utilize subsea wells with tendons/attached to buoys to offload crude onto FPSO ship and produce oil on shore. For the bashers that say that oil couldn't be produced for 2-3 years- it's just not right. With the right plan, and the right results that follow- oil/gas could be flowed in about a year. I don't claim to know much about the day to day dealings of this particular stock (hey who does??) but I can refute things I read from other posters. Any responses??