ERHC Energy Inc (ERHE)

[vineseeker2]

Degen, one thing I have learned here in my 6+ years is nothing deepwater happens fast - total took nine years to develop Akpo, even though they knew in 2001 they had a major find. They have sat and waited on Egina since 2005 and are currently developing - Egina South is up sometime soon & the fourth find in OML 130 doesn't have any possiable time frame set yet.
Even if they come up with anything from their studies and Totals block 1 drilling I would expect four years to pass before any production, and thats if SNP fast tracks it because they want the oil/gas/condisate - deep water is just on a different time schedule than land drilling