ERHC Energy Inc (ERHE)

[oldoil]

I'm interested in the boards take on this November update:


ERHC ENERGY INC. ISSUES NOVEMBER 2016 SHAREHOLDER UPDATE
HOUSTON, November 14, 2016 – ERHC Energy Inc. (OTCMKTS:ERHE), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, today issued the following update on Company activities.

1. Kenya Block 11A

a. ERHC’s preliminary analysis of the Tarach-1 drilling results reveals encouraging information for further exploration.

b. The objective of the well was to establish a working petroleum system and test a three-way structural closure trapping against a North-South trending normal fault.

c. The Tarach-1 well encountered two different hydrocarbon charged intervals, the first extending over 100 meters.

d. The significant oil shows and highly-elevated gas readings encountered by the well indicate the presence of a working petroleum system with the strong possibility of significant hydrocarbon generation.

e. As previously advised, the Tarach-1 well was always designed as an exploratory well. It has been plugged following conclusion of drilling. Post-well analysis continues.

f. ERHC holds a 35% interest in Block 11A.