Replies to post #208616 on ERHC Energy Inc (ERHE)

[emptynester1]

IMO. Official validated results are for what they drilled (how much pay zone in each etc). They will compare the first seismic study with the results of phase one to point them in the right direction. Phase 2 or not to do Phase 2. Probably a second seismic before phase 2. This is very costly to just drill willy nilly. They will be accurate and try to pin point the bigger zones/fields.

It all takes time months, not weeks...End of May/ early June.

Remember they have to be right the first field to get to production the quickest, that's what they are trying to determine, where are the large ones hiding...if they make the first wrong move it could sour the whole deal..at least make life difficult, especially with the "shareholders"..u know what I mean?
"why did they drill there, this one was better...."

By 2015 SEO and friends will be rich, they will wait..can u?

[idcc2006]

How many wells were drilled in AKPO?

[mccir]

EXON, walked away holding only 2% after the sale to Addax, Chevron is in the process of selling out, if Total will buy thier %. One well drilled and two major companies look to be walking away? Five wells driled in our zones and not any reporting of real numbers of barrels in the ground? We need some real numbers, and I believe those in charge of this area know what is in the ground, and we as shareholders know relatively very little? As a former oilfield worker I know someone knows a lot more then what is being given out to the public, ie , shareholders and others who stand to profit in this type of business. So here we sit and argue about this issue until I fore one am borded to crap with what is going on here.


mccir