Replies to post #137478 on ERHC Energy Inc (ERHE)

[DegenerateGambler]

I recall that as well, I believe it was said it takes about 8-9 months lead time for rig operation supplies to ready the rig to drill. I believe, ERHC said that those items needing that kind of lead time were already being taken care of by the operator (Addax). I think this was back in March, reading for a Dec drilling. However, I do not think pipe is one of those commodities that need that much lead time. BWDIK! I am not sure what these items that need a long lead time are, but maybe some of those oil experts here can let us know.


The $64,000 question is: Will there be a Rig of Oportunity or do we have to wait for the AA begin drilling On Oct 1, 2009?

[RubyMartin]

emdyal: Drilling Equipment Ordered
(From ERHE Web Site)

On August 8, 2007 Anadarko, the operator in JDZ Block 3, presented the initial proposals for exploration well locations for the Block. The Joint Development Authority has approved drilling at the Lemba Prospect. Anadarko has ordered drilling equipment.

Also This on Block 2...
The Joint Development Authority has approved drilling at the Bomu Prospect. In 2007, Sinopec and Addax jointly entered into an agreement with a subsidiary of Aban Offshore Limited for the provision of the Aban Abraham deepwater drillship, which continues being refurbished and upgraded in Singapore. At the end of its contractual obligations to another partnership, the Aban Abraham will be transferred to Addax and Sinopec.