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Re: emdyal post# 11889

Wednesday, 04/12/2017 8:21:55 PM

Wednesday, April 12, 2017 8:21:55 PM

Post# of 18777
Possibly, but what will that mean for ERHC...?


Oranto has a drill or drop decision deadline of January 2018 for both JDZ Block 5 and EEZ Block 3, where ERHC is not involved. As of March, they were looking for a partner(s) for both blocks. Maybe they have found one already?


https://www.simco-pet.com/services/all_mandates_date.htm


Additionally, AEI reported yesterday that Oranto is expected to take over operatorship of JDZ Block 2. However, since they are looking for a full carry on JDZ-5 and EEZ-3, they obviously don't have the resources to drill JDZ-2 on their own, let alone carry ERHC. But maybe they buy out ERHC's stake in the block?


https://www.africaintelligence.com/AEM/oil/2017/04/11/how-oranto-is-expanding-his-empire,108229719-ART



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