Replies to post #139035 on ERHC Energy Inc (ERHE)

[Gremlin9999]

Opus X-Why do you say the probabilty is not good for a significant find in Kina? ERHC's site has the following comment about the Kina prospect.

The following image is a view from the side of the different layers of sediment and rock beneath the Gulf of Guinea at the Kina Prospect, which the JDA has approved as the first drilling location in JDZ Block 4 (operated by Addax). Current plans call for the Kina Prospect to be the first of ERHC's interests in the Gulf of Guinea to be explored, with drilling expected as early as the fourth quarter of 2008. A hump-like formation is generally recognized as a sign of oil and gas prospectivity. As indicated by the arrows, the Kina prospect has numerous target horizons. Click on image for high resolution version.

[Stay the Course]

Probably is good, just that these wonderful prospects often turn out less wonderful, why exploratory and appraisal wells are drilled.

You remember that Trident discovery in GoM in 2001, how it was heralded as the new world out there in Alaminos Canyon, how Wood McKenzie wrote of the reserves there, how FPSOs would start in Gom etc? Today it is not yet committed for development.

Just a call for caution, you might be right.

Apologize the delayed response to you, due to hurricane damage at home and work.