ERHC Energy Inc (ERHE)

[Krombacher]

The JDZ was not a flop at the time, and it was hot true...but there was not yet much indication of anything down there...hence no buy out.

But on shore, we know that seismic and ftg and other studies are far more reliable in producing resource estimates. If CEPSA likes what they see in Chad and Kenya, then unlike the JDZ more likely for a CEPSA buy out.

Kenya was definitely on the fast track...just compare to Africa Oil.

Krombacher