Replies to post #213074 on ERHC Energy Inc (ERHE)

[robjer]

okay, so i still won't pull the trigger at $.29.
Today's is a double bottom--terrible trading signal.

However, another day and time down to $.29 as a triple bottom that holds gets me some wood

[kingpindg]

gglazcon...you're right...

it's hard to find anything on Akpo reservoir depth. The linked document (which has been posted previously, I believe) does provide the following, though, which may answer your question...

"Akpo field is located in OML 130, 200 km offshore Nigeria in 1400 m water depth."

and

"The reservoirs are deepwater fans of distal turbidite origin, deposited in submarine channels and lobe. The development concerns five reservoirs, at depth ranging from 2950mSS to 3750mSS. The two highest accumulations are complex channel systems, with several sub-units to be taken into account in the reservoir management plan, while the three lower accumulations are lobate systems."

So, if 2950mSS to 3750mSS is a measurement from sea-level in meters, then Akpo ranges from roughly 1550 m to 2350 m below the sea bed.

http://e-book.lib.sjtu.edu.cn/otc-2007/pdfs/otc18816.pdf