Replies to post #41025 on ERHC Energy Inc (ERHE)

[amj23]

Kobi, you are right. I would also expect Sinopec to start soon as well.

May I remind people that we are waiting on official news and that may take one more week or so to make sure what they are analizing is correct .

Maybe the people who are posting stupid tidbits that they are obviously making up can come back after the PR comes out. Apparently very bored people.

[MrTr]

Kobiashi very well stated. I don't know if they can get it done in two years but do believe they will fastrack this as much as they can. This is a bigger project then they have ever handled which may slow them down a bit, but also means they will put all resources possable toward quick and successful management of block, and would not surprise me if oil flowing by fall of 2008. Before that we will have proven oil and other stages that should move our stock considerable higher than the $2-3 that Meridion has projected over this time IMHO.

[Stay the Course]

Kobiashi: There's a serious difference in the water depths for ERHE production is much much more than existing Addax production. And in current market getting equipment for drilling in 6-7,000 ft. water depth wells - and then production takes additional time. Not talking a 1-2 well EPS but full field large scale. Chevron gets after it aggressively even tho they have many other projects because they have lots of people to do so and the money, and contract it out too. So any expectation of first oil for ERHE before 2010-2011 is quite unrealistic, IMHO.

But I can hardly imagine SEO and ERHE sitting on their hands and not promoting the heck out of opportunties they will develop between now and first oil. So for different reasons believe we longs can still expect good growth.

And now back to the day job for a bit more. It has to do with ultra deep water floating production, so felt I had to jump in here, Kobi, and must say have appreciated your thoughts posted in the few months reading here.


Stay the Course