Replies to post #129574 on ERHC Energy Inc (ERHE)

[emdyal]

Also the part about $100 million for one well ????

"Rig rates and other costs
have risen, taking the bill for some deepwater
exploration wells close to $100 million."

The highest per day cost I've seen was $400 000 / day !

So it would have to take 250 days to drill a single well ???

Someone is clearly talking outta their ar$e !!!