Replies to post #221864 on ERHC Energy Inc (ERHE)

[wtao]

It would be nice to read commercial oil. wtao

[wtao]

I will print and frame the e-mail if it reads BOMU-1 commercial oil.

[Homeport]

Hoping their pride will make us proud too, Krom, I thank you for your efforts. Look forward to seeing the email response.

Good day,
HP

[justfactsonly]

Krom,
thanks for keeping the ball run. 2 days left to meet the DEADline.

http://www.loeper-lieferts.de/assets/images/Krombacher-Dosen.jpg


Have a good one

[kownski]

Thanks Krom----- It seems that SNP likes what was found in blk-2. Total must like what was found in blk-1, or they wouldn't have bought in, after the fact. Kinda funny that all we hear for three years on OBO-1 was gas. Then Spp & Try came up with the logs and they show a heck of a lot more oil pay than gas pay. Now, for the last year all we've heard on Bomu is gas. Hummmm, kinda makes me wonder if the operators are putting out this "Gas Only" crap from the get-go, to keep the wolfs away..

John

[midtieroil]

Could you please forward that phone number and email address to Keeney and Ntephe. They still haven't figured out how to contact SNP.

[dat_51or]

Thanks Krom for the DD and contacting SNP
Much apprecated.
dat

[Jim Long]

Krombacher,
Thank you for your initial, proactive efforts, superb follow through, and the generosity of sharing it with us.

[phonemanfl]

Krom, did you get an email yet??

[redinvest]

Kromebacher, thx for your determined efforts.

Let's not lose this little tidbit of information, specifically, " analysis-while-drilling and researching on post-drilling reserve appraisal. "

Yep, the words appraisal well, caught me right between the chops.

The only other well that would ring the bell louder would be an " production well ".

Let's peruse some definitions of an appraisal well, shall we ??

Appraisal well
A well drilled to determine the extent and scope of a petroleum find.

Glossary
Appraisal Well: Well drilled after the discovery of oil or gas to establish the limits of the reservoir, the productivity of wells in it and the properties of the oil or gas. See also development well.

Tighten the seat belt !!

Red

[balance_builder]

Huge: I don't care how Dan Keeney tries to mask this comment made by Sinopec on their website with their (read: Sinopec)approved translation (again, the translation was approved via Sinopec as the translation is located on their website):

"In 2009, one of our main activity is on BOMU-1 well in JDZ-2 Block, Nigeria, including drilling-geology designing, engineering designing, analysis-while-drilling and researching on post-drilling reserve appraisal. The well gains a commercial oil & gas flow. It was the first breakthrough in oil and gas exploration in SINOPEC’S oversea deep water drilling operation."
http://english.sinopec.com/about_sinopec/subsidiaries/oilfields/20080326/3024.shtml


Breaking it down we learn that the JDZ B2 Bomu-1 well was a big deal to Sinopec. ("one of our main activity is on BOMU-1")

We know that the discovery was significant enough that they performed post-drilling reserve appraisal. ("researching on post-drilling reserve appraisal")

We know, based on what they told us, that they have considered this well to be commercial. ("The well gains a commercial oil & gas flow")

We know Sinopec considers this well to be their first breakthrough ever in their overseas deep water drilling efforts. ("It was the first breakthrough in oil and gas exploration in SINOPEC’S oversea deep water drilling operation.")



But just as importantly, ERHC told us in their filing:

Block 2
"No final determination has been made by Sinopec regarding commerciality."


Block 3
"No determination has been made yet regarding commerciality."


Block 4
"This information is preliminary and work is ongoing to integrate a potential area-wide development."

Seems they were trying to ascertain whether or not the B2 discovery was commercial when the said "no final determination has been made yet regarding commerciality". By the sounds of Sinopecs comments....they have NOW appraised this well as commercial. That, my fellow investors is down right exciting.


Now we know what Sinopec thinks of B2 and why Dan Gralla told shareholders at the shareholder meeting in April:

"sinopec will be back soon for additional drilling"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49512861

......and this was offered by SPP119:

"...after drilling another well nearby on Blk 2."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42254892



All said...Dan Keeney can say the meaning could have been lost on translation but I want to point out that the translation is on Sinopecs website and Sinopec is a publically traded stock on the US NYSE. They (Sinopec) knew exactly what it said when they put it on their website for U.S. investors to read.

It has been my impression that the 6 month extension period was for the purpose of ridding the zone of the minor players to ease the transition of unitization.

http://library.findlaw.com/2002/Sep/23/132513.html



Again....we're down to hours (in my estimation) for breaking news that will get the ball rolling.....all to be followed shortly, of course, by Gomers excited one word chant. What does commercial in blocks 2 and 4 mean for shareholders??? It most likely means a giant AKPO and a multi block development plan being led by Sinopec and Total and....and....a party in Vegas for those wanting to meet up to celebrate.