ERHC Energy Inc (ERHE)

[vineseeker2]

Another thing, people have wondered why if there is anything commercial in the JDZ that SNP would not already be developing it. Egina-1 was drilled in 2003, egina-2 was drilled in 2004, nothing was drilled in 2005, egina-3 & 4 were drilled in 2006 and egina-5 was drilled in 2007. We are now at 2011 and Total is somewhere in the process of acquiring their FPSO. CNOOC owns 45% of block 130 where Akpo, Egina, Egina South and Preowei, the forth find in OML 130 I have heard nothing about. Egina is scheduled for production in 2015, Egina south is scheduled for development next. I have seen articles with a 2013 production date for Egina & don't know if the 2015 date is because of the "Nigerian Content" problems getting the FPSO aproved or not.
This is a known discovery since 2003 and is going into production in 2013-2015 at least 10 years later.