Kingpindg
though it seems like I have been away...I have been lurking and waiting for news and share price appreciation.
I think I recall hearing about this 1 WEEK TRAINING course "IN HOUSE". Are they trying to train the SAO TOMEANS to do deep sea marginal oil and gas field exploration?
I cannot get too excited about this and the Sao Tomeans. After 12+ years of being here with ERHC,I would hardly have any confidence in the technical abilities of the Sao Tomeans. We know it will take more than 1 week training and a small FSPO to get the work done, and even then there is no way to tell if JDZ marginal fields will be cost effective with marginal quantities reported. IMO it will be many years out. I will forget about the JDZ and all its gifts, and only consider this as an outside chance of success. We (ERHC) have much better opportunities arising that will surely require our immediate attention.
I'm sorry but I have written off the JDZ and its 14 billion barrels of oil.
I am excited about Kenya and Chad. I also think the EEZ has some potential but again Offshore and time lines are several years away IMO. I think this deep offshore marginal field recovery training will be a waste of time IF we are waiting for the Sao Tomeans to get trained and get personnel upgraded to eventually do the work.
King I do appreciate your contributions to the board.
I am trying to be realistic about our present situation. I am Tainted towards dealings with Sao Tome,as they are desperate and I think they are waiting for the rumored oil to be lifted to their wallets even though IMO it might be harder for them to convince working oil companies( with JDZ information about quantities of hydrocarbons therein) to chase what appears to be ghosts of Hydrocarbons scattered about in JDZ blocks.
My timeline for being in ERHC is narrowing, and, I am hoping that oil will be found for US in the next 2 to 5 years. I don't think that ERHC will be benefiting from the JDZ as they have much better opportunities ahead onshore to expend their energies and monies.
back to lurking and skimming over the JDZ talk.
GLTU Kingpind
