Replies to post #170929 on ERHC Energy Inc (ERHE)

[RKT989]

CAN YOU?

[bayfisherii]

That question cannot be anwered until you know what daily production volumes will be. In Prudhoe Bay lifting costs alone were a little over $6/bbl when they were producing close 1 Million barrels per day. Prudhoe Bay is one of the more expensive fields in the world.

The major portion of those lifing costs will be the amortization the 'Production Platform(s)' that will have to be built. An offshore platform is not labor intensive just very high upfront capital costs.

[TopShelf]

Hey Mid, I like your reality "type" posts. But hey, no need to be an arse all the time.

Just keep it real and quit trying to be right all the time.


Cheers