Replies to post #255445 on ERHC Energy Inc (ERHE)

[badog]

The puppy is not looking much like a puppy any more. She has grown bigger than I though she would. Apparently more lab than border collie. She does like chasing rabbits. I take her out almost every day to a field where we go for an hour or more. She is very fast...but the bunnies are too quick for her. She can't see over the brush in alot of places and has to jump like a deer to try to keep them in sight. I laugh watching her. She finally loses sight of them. We usually scare up a couple of bunnies and maybe a pheasant. Caught a couple of deer off guard one day. I don't go out to actually catch anything...it's just for fun.
Thanks for asking.
Badog

[kingpindg]

Here you go LMLT, FWIW...


Addax to sign West Africa PSC

Swiss explorer Addax Petroleum was expected to sign a production sharing contract this week to operate Block 4 in the Joint Development Zone managed by Nigeria and Sao Tome, writes Barry Morgan.

Addax has just completed a $350 million initial public offering on the Toronto Stock Exchange, which will fund its farm-in agreements with ERHC Energy covering blocks 3 and 4.

The Joint Development Authority expects PSCs to be signed for remaining blocks 2, 3, 5 and 6 next week, subject to agreement by Nigeria and Sao Tome.

ERHC has sought a similar deal with Chinese giant Sinopec to lead Block 4 but it is understood that intensified lobbying in recent days by Chevron of ERHC owner, Nigerian business magnate Emeka Offor, could sway the memorandum of understanding for the US supermajor instead.

High-level talks between senior Chevron and ERHC executives continued as Upstream went to press.

Chevron is understood to be interested in Block 2 even at this stage as its Obo-1 wildcat on block 1, just a few kilometers from the Block 2 border, heads for total depth.

The partners are keeping quite on the well's progress but there is talk that both oil and gas have been intersected.

Transocean drillship Deepwater Discovery's bit is now heading out of the upper horizons towards the original reservoir objective and should reach total depth before mid-March.

http://www.upstreamonline.com/hardcopy/news/article106096.ece?service=print


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[manuel06]

IMO that was a "rumour" about a straddle of structures....Possibly Chevron needed more territory to stay in the game (JDZ) as they knew that the quantities per structure were not commercial on a stand alone basis.Block 2 structural maps as we have seen show no border structures. The structural maps show Block 2 as having possibly the largest structure which might enhance chevrons approach to negotiate,as well as the closeology to Akpo etc. Maybe "IF" chevron could have got more territory to "Operate" then it would have been worthwhile for them to stay and explore...and...with success in negotiating another block to operate they may have knocked on another block's door....too much conjecture,but, as far as straddling goes...seems the conjecture was halted back then!
Still we wait
cheers