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Stay the Course

03/06/10 2:24 PM

#203699 RE: TopShelf #203627

Topshelf: If you continue on from the bottom of page 3 you were reading in OTC paper 18816, page 4 under FLOW ASSURANCE describes how they design around and operate to makes sure the flow lines never do get frozen up, and how the calculations were corroborated against prototype tests.

In my mind Total is very well on top of it and by the time another Akpo gets done in JDZ, the industry will have had several years of real life experience to make doubly sure the revenues keep flowing.

The usual thing is for all the flow assurance gurus in the world to have been studying Akpo, Dalia, Usan, Pazflor and all the rest of them in the region so it is all very well figure out and documented in more OTC and SPE papers.

Remember the old saw about "It's not flow assruance, it's cash assurance!".

If one or more of the ERHC blocks turns out to be an Akpo then IMHO we don't have much chance of the investment being delayed.