Followers | 29 |
Posts | 1016 |
Boards Moderated | 0 |
Alias Born | 05/25/2005 |
Saturday, July 12, 2014 6:32:08 PM
There has been a lot of discussion on the board as to when ERHC will announce a partner for EEZ Block 11. But aside from the announcing of the PSC signing for the block, I think the presentation on the prospectivity of Block 11 posted last week is the other major noteworthy item of recent, and I am surprised there has not been any discussion about it.
If the interpretation shown on slide 24 is anywhere near reality, Block 11 could hold possibly billions of barrels of oil:
When you are talking about a block in which you can fit ALL of ERHC's JDZ blocks more than twice over, that means a lot of oil.
Peter has gone on record saying:
The total proven reserves of the Jubilee Field is currently about 2 billion barrels of oil. It is in a much smaller area:
The partner ERHC signs (or has signed) and the consideration they receive from the contract will be telling. But based on their presentation, it certainly gives reason to expect some favorable terms.
I have to say, ERHC has been moving with a level of confidence recently that I have not seen in years past. - LT
Any fool can criticize, condemn and complain and most fools do. – Benjamin Franklin
What is a cynic? A man who knows the price of everything and the value of nothing. – Oscar Wilde
Recent ERHE News
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/06/2024 07:31:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/08/2023 09:06:42 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM