Replies to post #260469 on ERHC Energy Inc (ERHE)

[emdyal]

] So Chevron did not scream their discovery to the high heavens for some time.

Also if each of Totals wells take a similar amount of time as the Chevron well there is still about 30 days to completion.

Still a question mark for moi that if Chevron took 63 days how did SNP manage to complete drilling of each of their 5 wells in half that much time?

[farrell90]

Official [ and to my knowledge the only PR] Chevron PR re Obo 1. The PR was released 5/26/2006; drilling completed 3/15/2006; and drilling initiated about 1/8/2006.

If Total follows the same timeline and both wells take 2 months each to drill; the latest JDZ drilling PR will be released in September. Good luck Farrell

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Obo-1 Well Encounters Hydrocarbons in Nigeria/Sao Tome & Principe Development Zone's Block 1.




LOCAL NEWS RELEASE: Issued in Lagos, Nigeria
LAGOS, May 26, 2006 -- The Nigeria – Sao Tome & Principe Joint Development Authority, Chevron and its co-venturers Esso Exploration and Production Nigeria-Sao Tome (One) Limited, and Dangote Energy Equity Resources, have encountered hydrocarbons in the Obo-1 exploration well in Block 1 of the Nigeria – Sao Tome and Principe Joint Development Zone.

The Obo-1 well logged a cumulative total of at least 150 feet (45 meters) of net hydrocarbon pay in multiple reservoirs and provided important reservoir rock and liquid samples, which need to be evaluated and integrated into the interpretation of the Obo Area to determine the next step of the appraisal process. At this stage, it is premature to determine whether or not Chevron and its co-venturers have made a commercial discovery.

The Obo-1 well is located in 1,720 meters of water (5, 640 feet) and the drilling operation was completed in 63 days on March 15th 2006.

The JDZ Block-1 is located approximately 190 miles (300 kilometers) north of the city of Sao Tome and approximately 125 miles (200 kilometers) south of the city of Port Harcourt in Nigeria. Chevron JDZ Limited has a 51 percent equity share in the block while Esso Exploration and Production Nigeria-Sao Tome (One) Limited, and Dangote Energy Equity Resources have the remaining 40 and 9 percent equity, respectively.

[midtieroil]

OBO-1 was a non-commercial discovery for the partners involved. It was NOT a discovery. They sold out and went home. As I said before discoveries are usually announced relatively quickly and bad news is usually delayed. I think we saw that with OBO-1 and I think we saw it on our wells too. You do know that what you just posted was from the last drilling correct?

Also as I said before, I don't think enough time has passed to judge yet. But having this drag out for months would NOT be good news IMO.