Replies to post #206185 on ERHC Energy Inc (ERHE)

[vineseeker2]

badog, chevron stated about the time they committed to phase two exploration that the reason Obo-1 was not commercial by itself was the cost of installing the infastructure to serve one prospect. It has been posted here on the board with a reference to chevron site or pr. Being a free member I can't look it up for you, maybe someone who is a paid member can find it for you.

[stocks2rise]

what do you expect when they drill off structure? And only one well out of what ...10 prospects in the blocks? What happened to the "billion barrel find stated by Dakarou right after the drilling was completed? Smoke and mirrors and misdirection to say the least!

[emdyal]

But your guess is just that,a guess ! You, like everyone else know nothing ! So your guesses are worth nothing. You and Puffie and PonziGirl should go get a life rather than looking for attention around here !

[midtieroil]

I don't think marginal vs nonmarginal was the issue at all. US companies have better opportunities at a much lower cost with a much shorter time frame for gas and condenate projects within the continental US in the shale plays. We see that playing out with Exxon's purchase of XTO and it is likely that other deals will follow as well.

The same is not true in other places in the world such as China and Europe. That is why Total and Sinopec are interested in the JDZ project and the US companies are not. It's simply a matter of which opportunities are available to which companies at what cost in each area of the world.

It's pretty straight-forward if you understand this industry at all.