Replies to post #223475 on ERHC Energy Inc (ERHE)

[Curious62]

I have no idea what work they are doing or how long it might take. Hydrocarbon systems are complex and because they lie miles below, making it is impossible to measure every variable that might contribute to the success or failure of a project. I do not know if they encountered wet reservoirs with gas. If they did, I just commented that that would add complexity and a little more uncertainty to the model unless some obvious reason for what they found was evident (like a fault, etc...). A successful hydrocarbon play requires organic source material, temperature (maturity), a migration pathway to a trap (structure with seal), and a reservoir. Failure of anyone component results in a dry hole.

[bayfisherii]

Kownski,

Wet does not just mean H20.

A wet zone could refer to Oil or Water.

bay

[Curious62]

I'm stating the obvious, but its SNP doing all the work. I'm not sure what obligations they have to ERHC to share their findings, especially where information can be extrapolated to areas outside the boundaries of the partnership. Most commonly, the Operator charges its partners a proportionate amount of the cost for its staff and all third party expenses directly related to the operations. Paying partners, therefore, have rights to all work generated by the Operator. Partners also have the right to do their own work at their own expense (also common).