ERHC Energy Inc (ERHE)

[Southern Man]

Can someone find the well reports from Opl 245 discovery wells?, We know they were deeper than our 5 tight "TEST holes" did the OPL 245 see Biogenc gast too?

'Shell, Eni buy huge offshore oil block' .
Wednesday, 07 December 2011 15:06 Reuters . .
Royal Dutch Shell and Eni have bought the prospective Nigerian deep offshore oil block OPL 245, Shell said on Wednesday, ending a decade of legal disputes over the huge asset.

A spokesman for the Anglo-Dutch major said it would own 50 percent of the block with Eni owning the other half and operating output. He would not confirm how much was paid or the quantity of reserves but industry experts have said OPL 245 was worth over $1 billion and holds around 9 billion barrels of oil.

The prospect sits near Total's Akpo block, which has plateau production of around 175,000 barrels of oil equivalent per day. "The Nigerian government has awarded Agip (Eni) and ourselves OPL 245 on a 50-50 basis.

Agip will operate the block," a Shell spokesman in Nigeria told Reuters. He said the deal was completed in "recent weeks". Eni and the Nigerian oil ministry were not available for comment.

The block was owned by local Nigerian firm Malabu Oil and Gas, which is owned by former oil minister Dan Etete. Shell has been tussling over the asset with Malabu for 10 years. Shell told Reuters all money for the purchase of OPL 245 was paid directly to the Nigerian government and not to Malabu.

Nigeria's oil minister Diezani Alison-Madueke had previously been promoting local ownership of oil and gas resources in Africa's most populous nation. Shell is completing sales of several onshore licences to Nigerian firms. Nigeria is Africa's largest oil producer and holds the world's seventh-largest natural gas reserves