Replies to post #99799 on ERHC Energy Inc (ERHE)

[Tapco1]

OBO-1 Was "Not' one of the 13 prospects reported by ECL.


"Pre-drill consultant engineers ECL identified 13 prospects
with total mean recoverable reserve potential of 3.8 Bn bbl and
a risked mean of 1.2 Bn."

"The well seems to us to have achieved what it set out to do.
On the other hand, we have no guide as to how big Obo is,
since it wasn’t among the prospects listed by ECL."

"Our guess is that it isn’t huge… For example, using a 10sq
km closure and scoping estimates of oil saturation, porosity,
etc, gives a recoverable reserve of around 200m bbl. At this
level, it may just about make a viable subsea tie-back to
Akpo.”


200 million barrels and not even one of the original prospects.

Sounds very good to me.

JMHO

TAP

[dbernet]

Yes, but that still does not account for the four months plus they had the drill ship.

My guess is more than one well. And the fact that they did not drill in one of the 13 major prospects very interesting. "3.8 billion barrels unrisked" "1.2 risked."

CVX stonewalled for the obvious reasons. Won't matter much next year. The amount of oil in the JDZ is going to astound people when the truth comes out over the next few years. My opinion based on everything I've read over the past few years.

The risk seems to me to be if ERHE is undersold or screwed out of it's very impressive holdings in the JDZ.

And the EEZ, because of higher percentages, may be worth more.

Back to waiting it out.

db