This is what we are waiting for:
The last junior oil explorer operating in this exciting region with this same JV partner went up 800% in a matter of months

East Africa is arguably THE most exciting oil exploration region in the world, after an enormous oil discovery in Kenya last year sent one junior explorer’s share price rising over 800% in a matter of months.

The early-moving explorer was Africa Oil Corp (TSX:AOI) and the discovery was made with the assistance of their highly experienced joint venture partner, GBP $9 Billion Africa focused Tullow Oil (LSE:TLW) who have unrivalled technical experience and a proven track record of success in Africa.

The team at The Next Oil Rush have identified a tiny 16c ASX-listed oil explorer operating in the exact same region with the exact same joint venture partner and is currently capped at only $22 million…

Understandably, the oil industry has been carefully focused on the region ever since this massive oil discovery, with some observers suggesting Kenya could be sitting on multiple billions of barrels of undiscovered oil. AOI’s joint venture partner Tullow Oil, has a history of discovering giant oil fields in Africa and bringing them to production. The prediction amongst industry insiders is that Tanzania (Kenya’s neighbour to the south) will be the next exploration hotspot.

The wildly successful first oil discovery in Kenya has encouraged AOI and Tullow Oil to fast-track their activities and plough hundreds of millions of dollars into drilling multiple exploration wells throughout Kenya for the rest of 2013 – all while constantly fending off takeover offers and JV offers from oil super majors who missed the boat and desperately want to get a foothold in East Africa.

If only there was another early-stage AOI-style junior explorer that we could invest in on the ground floor with the potential for thousands of percent gains…

Any chance of seeing the data from the FTG?

When the drill bit touches oil loose ends disappear.

I'm thinking IF Kenya shows promise and they find oil in commercial qualities, CEPSA will step up. There could be a cash injection at that time on possibly several fronts.
Also, ERHC will have banking and more financial options IF oil is discovered in 11A. Everthing changes when the 2d is interpreted for better or worse, we will be the last to know. Stocks up = good results with 2d, stocks down, 2d shows little promising areas.
How many wells have we gotten drilled in 15 years...only 5? Very expensive wells indeed. That was the hand dealt. GLTAL

Great news there is action in JDZ, block 5!
"Nigerian independent Oranto Petrol-eum has diverted Seabird Exploration’s Geo Pacific vessel from the Nigeria-Sao Tome Joint Development Zone (JDZ) into the archipelago’s EEZ. The vessel was shooting 1000 square kilometres of 3D seismic with Acorn Geophysical in JDZ Block 5. However, soources said the noise generated by this shoot was adversely affecting a Geoex shoot in neighbouring Equatorial Guinea. This prompted Oranto to mobilise, instead, to Sao Tome to complete a 1500-square kilometre 3D survey in EEZ Block 3, after which it will return to the JDZ. "

So why are we losing Shareholder value?

Great news on Block 11 too.

Block 11 because recent geophysical analysis of reprocessed data suggests significant potential beyond earlier estimates.

So why are we losing Shareholder value?

Exploration firm raises projection for oil in Kenya
Feb 17,2014
NAIROBI, Feb. 17 (Xinhua) -- The Canadian oil and gas company, Taipan Resources, has estimated that its exploration basin in northern Kenya could have as much as 1.6 billion barrels of crude deposits.

The firm which has prospecting rights in Mandera, northern Kenya said the independent assessment it carried out on Block 2B shows the total unrisked prospective resources could increase by 388 percent.

"The total estimated Mean Gross Unrisked Prospective Resources on Block 2B in the report has increased by 388 percent to 1,593 MMBOE from 410.4 MMBOE," Taipan Resources said in a statement received on Monday.

Taipan, which is the 4th largest gross acreage holder in Kenya, also said the Pearl-1 prospect, that is expected to be drilled later this year, has been estimated by Sproule to have Mean Gross Unrisked Prospective Resources of 251 MMBOE.

"The Pearl-1 exploration well will target a Tertiary prospect that is in a similar geological setting to Tullow's Ngamia, Twiga, Ekales, Agete and Amosing discoveries," said Taipan CEO Maxwell Birley said in the statement.

"The Anza Basin is one of the largest Tertiary-age rift-basins in the East African Rift systems that together contain multi- billion barrel oil discoveries. We believe that the 'sweet spot' of the Anza Basin is located on Block 2B."

Taipan is an independent, Africa-focused oil exploration company with interests in Block 1 and Block 2B onshore Kenya.

The independent assessment of Block 2B was carried out in accordance with 51-101 Standards of Disclosure for Oil and Gas Activities.

Early this month, Taipan announced that it had commenced the acquisition of further 2D seismic data on Block 2B, onshore Kenya. The data is being used to finalize the drilling location for the Pearl-1 prospect.

The Canadian firm said an independent contractor is providing an additional 178.75 km of 540 fold 2D seismic data. The seismic program is expected to be completed by the end of February.

The East African nation is currently the world's top onshore oil exploration area. There is an estimated 22.7 billion barrels gross un-risked prospective resource. The region is still largely unexplored. Only 58 wells have been drilled in Kenya. There are 20 wells planned in 2014.

Taipan management has discovered over 3.75 billion barrels of oil equivalent in similar early stage basins with success rates up to 80 percent.

In Premier Oil, Taipan has a senior partner with 180 million U. S. dollars cash on hand, fully invested in the success of Block 2B in Kenya.

Australian firm gets Kenya's approval for farm out stake to Milio
Feb 17,2014
NAIROBI, Feb. 17 (Xinhua) -- Australian oil and gas firm, FAR Limited, said Monday it has obtained approval from the Kenyan government for its farm out agreement with Milio International.

The new deal will see FAR Limited fully carried through with about 30 million U.S. dollars exploration work on the highly prospective onshore and offshore L6 exploration blocks in Kenya.

"The exploration work includes a regional onshore 1,000 km 2D seismic survey and an onshore exploration well in Block L6 in the Lamu Basin. The survey is likely to start in April, while the well is likely to be spud in the first half of 2015," it said in a statement issued in Nairobi.

The Block L6 is located to the north of major east coast Kenyan population centers and infrastructure and if the exploration well in 2015 leads to discovery, then FAR will fast track an onshore development to supply to nearby markets.

FAR has identified a number of oil and gas play types and prospects and assessed that the combined unrisked prospective resources for Block L6 are 3.75 billion barrels of oil or 10.23 Tcf of gas (respectively 2.25 billion barrels or 6.14 Tcf of gas net to FAR).

The Australian firm has also matured 3 offshore prospects (Tembo, Kifaru and Kifaru West) in the Block L6 which have prospective oil equivalent resources of 327, 178 and 130 million barrels on an unrisked best estimate 100 percent basis respectively (196, 107 and 78 million barrels net to FAR).

"These estimates have an associated risk of discovery and risk of development. Further exploration and appraisal is required to determine the existence of a significant quantity of potentially moveable hydrocarbons," it said.

Far's two permits in Kenya Block L6 and Block L9 are strategically located in the Lamu Basin offshore and onshore Kenya and just north of recent world scale natural gas discoveries totalling around 100 trillion cubic feet off the coast of Mozambique and Tanzania.

Growing interest in the Lamu Basin's exploration potential is reflected in the fact that up to 7 wells are planned to be drilled over the next 12 to 18 months.

The recent takeover activity, drilling and major gas discoveries close to FAR's Kenyan acreage have heightened interest in the East African region.

Trading of stakes in the oil exploration businesses has gathered speed in Kenya in the past year following the first discovery of oil in Ngamia-1 near Lake Turkana last year.

As of August 2011, CEPSA is owned by a single shareholder, International Petroleum Investment Company (IPIC).

International Petroleum Investment Company, IPIC, was formed by the Abu Dhabi government in 1984. The company was tasked with making investments in the energy sector and has stakes in more than 15 companies in 10 countries on all five continents, with the following portfolio:

60,000 million dollars in consolidated assets.
The companies in which it has holdings include: EDP, Nova, Chemicals, Borealis, Cosmo Oil, Aabar, OMV and Ferrostaal.
H.E. Khadem Al Qubaisi, is Chairman of CEPSA and Board Member & Managing Director of IPIC.

IPIC acquired a stake in CEPSA in 1988, and since then both firms have maintained close links and have worked in cooperation. For CEPSA, having IPIC as its sole shareholder has presented it with a magnificent opportunity for growth as well as a significant business challenge.

Wow, Yes we have official fantastic wealthy capable partners in Kenya. They have and will spend millions. Cepsa with Ipic is launching a aggressive asset search, they will (if there is oil) move quicky and drill as conditions allow. Anyone who wants more information now must have never been in negotiations. Obviously they DO NOT want others knowing what they paid ERHC at this point. This is common in many business ventures. They may be trying to acquire other properties in the area. I hope they are our partners in the EEZ too. GLTAL

BULL. Only a handful on this board suspected CEPSA. That does not make the market. Shareholders are war torn. Time for a road trip Peter and for Dan to actually promote relations.

Its been asked before but does anyone have a password here?

Details of the Kenya Block 11A farmout are available at www.energy365dino.co.uk, our premium subscriber service, which also includes details of other farmout opportunities in Kenya and East Africa in general.

http://www.energy-pedia.com/news/kenya/new-158054

As far as I concerned the statement for Kenya at least is more than sufficient to rally the share price. We should be at 30- 40 cents right now. We have a full carry to find oil in our Kenyan Block! Who cares about details! If there is oil there theyll find it, then we are at 1.00+ a share.

"The funding is expected to meet work requirements as per the Production Sharing Contract (PSC) ERHC signed with the government in 2013."

"The PSC states that the explorer has to conduct a seismic survey and drill at least one well within two years from the June 28, 2012 effective date."

If this is accurate we will be drilling in FIVE months. It is possible.

Ok we have a officially confirmed super competent super rich partner PR'd all over the world to farm-in one of the HOTTEST areas for oil and gas on the planet and we trade 313,000 shares worth 25,000 dollars (us) Whats wrong with this picture Peter? Where are the buyers?

Maybe CEPSA is interested in exploring EEZ too!

Seems CEPSA might not want everyone knowing what a great deal ERHC got. Dan said their will some more details soon. BUT with RICH CEPSA operating we wont have to wait. The IPIC CEPSA group is very aggressive and will go full throttle IF the exploration looks good. Full carry and ERHC retained 35% is a sweet deal. This is great news and all we need to know.

ERHC is back in business with the wealthiest organization in the World! IPIC (ARABS) has unlimited funds, this could be the beginning of a story with a great ending. Praise Jesus, and may he let there be Oil found FINALLY!

CONGRATS TO ALL LONGS !

I agree, surey that date is a contractual deadline - worse case scenario. CEPSA will drill in 5 to 9 months imo.wag Cepsa has been wanting in Kenya for a long time.

Japanese oil refiner Cosmo Oil and Spanish integrated oil company Compañía Española de Petróleos (CEPSA) have entered into a memorandum of agreement to work together on oil and gas development.
The agreement is aimed at obtaining new oil and gas concessions and reinforcing and promoting exploration and production (E&P) business. The companies will create E&P and strategy working groups.
The E&P working group comprises the development of new E&P business opportunities, and experience and know-how exchange. Tthe strategy working group will focus on joint business development in oil-related businesses, such as petrochemicals, oil refining and marketing.
Cosmo and CEPSA's relationship is set to deepen cooperation with Abu-Dhabi-based investment vehicle International Petroleum Investment (IPIC), which owns all of CEPSA and is the biggest shareholder in Cosmo, owning a 20.8% stake.
Both companies are determined to pursue discussions on the development of business opportunities in every field and to seek opportunities to obtain new oil and gas concessions and/or expand their E&P business.
Cosmo aims to become a vertically integrated global energy company with a business portfolio including E&P business, refining and marketing and petrochemical business among others.
Image: Cosmo representative director and president Keizo Morikawa and CEPSA director and chief executive officer Pedro Miró Roig signing the MOA. Photo: courtesy of COSMO OIL Co. ,Ltd.

Cb,, 44 cents is just where it starts for me after 14 years, yes I added some as the bit turned at 85 cents. So 80 cents to a couple of dollars would be better.

Manipulating Market makers must be snowed in.

Why Is China Buying So Much Methanol?
By Celan Bryant February 3, 2014 LYBLyondellBase

Isnt the JDZ full of methane gas?

Methanol is an alternative liquid-fuel source. It is also used in the production of acetic acid, formaldehyde, plastic, adhesives, foams, plywood sub-floors, solvents, and windshield-washer fluid. In March 2013, IHS Chemical found that the demand for methanol was growing faster in China than any other part of the world -- the country increased consumption 23% from 2010 to 2012 and is expected to consume half the world's production of methanol this year, which is about 32 million tons. By contrast, the United States currently consumes about 6.5 million tons. IHS Chemical expects the demand for methanol in China alone to triple by 2022.

So, what's fueling China's interest in methanol?

On Dec. 14, China became the first nation in 37 years to land on the moon. As China's economy grows and becomes increasingly more industrialized, the demand for fuel is outpacing supply -- everyone wants a car, and you can't start a car without fuel. In addition to needing alternative sources of fuel, China is also transitioning away from burning coal and oil. Unfortunately, natural gas is more expensive and harder to find.

Unfortunately there can be no "reasonable" sale until ERHC has something to sell. As far as we know there are no assets to sell at this point.

Perhaps Sao Tome is simply a perfect safe maritime location for Asia.

But the recent arrival on the West African coast of the international port terminal operator Dubai Ports World (Dakar), and of the shipping line the Mediterranean Shipping Company (Lomé) and port terminal development projects at Onne in Nigeria by the shipping line China Ocean Company and at Sao Tomé Principe by the French shipping line CMA-CGM, bear witness to rising competition at ports in the context of a classical process of port terminalization that is currently taking place in maritime networks (Figure 2). African ports display obviously different profiles in the institutional organization. In a recent paper Olivier Hartmann reported a difference depending on the size of the ports (small ports characterized by a more public management, major national ports marked by greater private participation) and depending on the colonial past of maritime countries (a private participation stronger in countries of west Africa as a political organization influenced by a British colonial past). But the recent period (2007-2010) is characterized by the spread of port concessions and thus introduced into almost every port of private operators (Hartmann, 2010).

8This change is moreover affecting the whole of Africa, which is becoming a theatre for competition between operators that are in a manner of speaking finishing the global shift towards terminalization. The most striking example is Dubai Ports World, which is present in Dakar (by winning the concession against competition from Bolloré and CMA-CGM), Maputo and Djibouti. It illustrates the changes that are being made to services to African seaboards by maritime and port operators (Maersk, MSC, CMA-CGM, COSCO, Dubai Ports World) whose strategy is centred on the newly dominant Africa-Asia route. A major change is that African ports are now highly oriented towards Asia.

http://echogeo.revues.org/13070?lang=en

Here is the history and current news on Cepsa and the Chinese in Kenya.
Good read. Maybe the Japanese want to give Kenyan exploration a try?
http://www.wallstreet-online.de/diskussion/1167139-151-160/africa-oil-corp-world-class-east-africa-oil-exploration

CEPSA

Japanese oil refiner Cosmo Oil and Spanish integrated oil company Compañía Española de Petróleos (CEPSA) have entered into a memorandum of agreement to work together on oil and gas development.
The agreement is aimed at obtaining new oil and gas concessions and reinforcing and promoting exploration and production (E&P) business. The companies will create E&P and strategy working groups.
The E&P working group comprises the development of new E&P business opportunities, and experience and know-how exchange. Tthe strategy working group will focus on joint business development in oil-related businesses, such as petrochemicals, oil refining and marketing.
Cosmo and CEPSA's relationship is set to deepen cooperation with Abu-Dhabi-based investment vehicle International Petroleum Investment (IPIC), which owns all of CEPSA and is the biggest shareholder in Cosmo, owning a 20.8% stake.
Both companies are determined to pursue discussions on the development of business opportunities in every field and to seek opportunities to obtain new oil and gas concessions and/or expand their E&P business.
Cosmo aims to become a vertically integrated global energy company with a business portfolio including E&P business, refining and marketing and petrochemical business among others.

http://www.hydrocarbons-technology.com/news/newscosmo-cepsa-to-work-on-oil-and-gas-developments-4163444

SIMBA INFO, Why cant we get more details like this?
Simba Signs Farmout Letter of Intent for Guinea Blocks 1 & 2
Marketwired TAKEOVERS/ LETTER of INTENT
January 28, 2014 9:00 AM

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 28, 2014) - Simba Energy Inc. (TSX VENTURE:SMB)(GDA.F)(SMBZF) ("Simba") is pleased to announce that it has signed an exclusive Letter of Intent (LOI) to farmout its Production Sharing Contract (PSC) for Blocs 1 & 2 in onshore Guinea with a private investor group (the Investor Group) based in Calgary, Alberta. The Investor Group can earn up to a 45% interest in Simba's Guinea PSC with a total investment of US$6,500,000.

Simba is an onshore pan-African oil and gas explorer with assets in Kenya Guinea and Chad. The Investor Group includes some participants from a group that recently signed the Kenya farmout LOI with Simba (see January 8, 2014 news release).

The principal commercial terms of the farmout LOI are highlighted as follows:

After execution of the LOI, Simba will receive US$700,000 for cost recovery.
Upon completion of the Definitive Agreement(s), the Investor Group will spend US$3,800,000 for an airborne FTG (Full Tensor Gravity Gradiometry) survey that will cover a minimum of 9,000 kms2. This total initial expenditure of US$4,500,000 will earn the Investor Group a 25% interest in Simba's Guinea PSC.
The Investor Group has the option to earn an additional 20% interest by carrying out a 2D seismic program with a minimum expenditure of US$2,000,000 to bring the blocks to drill ready status.
Upon completion and interpretation of seismic results, both parties mutually agree to either drill a first exploration well, with each party responsible for its own share of costs, or; to farmout the project to other third parties on mutually acceptable terms.
Robert Dinning, President & CEO of Simba, stated, "This LOI provides immediate recovery of expenses to Simba and accelerates the completion of an FTG airborne survey. The LOI also provides the Investor Group with an option to carry out additional seismic surveys to support the selection of specific drill targets in Guinea. The US$700,000 payment allows Simba to recover a portion of its costs incurred in Guinea to date. This LOI and the pending Definitive Agreement allows the Guinea project to advance while Simba and its shareholders retain significant interests in Blocks 1 & 2. These blocks are highly prospective given the exploration work completed to date by the Company and should provide Simba with drill ready targets later this year. It is expected that the Definitive Agreement(s) will replace the LOI before the end of Q1 2014."

Simba is off to a very positive start in 2014. Simba has now signed farmout LOIs for its Kenya and Guinea PSCs worth an estimated US$15.1 million in total, and Simba's management team is working to sign further LOI's to farm out additional PSC's in the first half of 2014.

Major problems for the people of the Turkana region.
http://www.africanseer.com/news/331483-kenya-400-000-starving-in-turkana.html

Statoil, Apache, Cepsa....hum wonder why Apache is mentioned with ERHC and Bowleven? Did they screw up and give up the name of our partner? lol

http://www.energycorporateafricanews.com/index.php/articles/profiles-on-parade/348-beyond-oil-gas-governor-josaphat-nanok-of-turkana-county-kenya

Within March and May 2012 Tullow, the Irish-British oil company discovered commercial quantities of oil along its partners African Oil and Apache while drilling Ngami -1 and Eluko -1 along the Turkana Lake. Since Kenya became one of the significant oil and gas new frontier , Turkana which has been declared rich in hydrocarbon has experienced influx of oil and gas companies including ERHC Energy, CAMAC Energy, Apache, Africa Oil and many others .

Ya think? the farm in name hasnt been released because the company doesnt want everyone knowing they are buyers until theye finished negotiations on their pending business deals. Pretty common.

Btw CEPSA was treated unfairly and sued Kenya a few years ago when Chinese favoritism was at all time high. Previous post.

Thanks King, Yes, your right, quite odd how the reporting just stopped. Could be many reasons, we'll just have to wait and see. I hope the FTG was promising, especially the western edge.:) The presentation data map below looked made up to me as nothing stretched from center... must be boogus.




The last line of the linked article states 11b completed. January 4th, so they may still be processing etc..
http://www.theeastafrican.co.ke/business/Oil-companies-to-scale-up-drilling-activity-in-2014/-/2560/2134142/-/104c3o9z/-/index.html

Any new action in neighboring 11B?

22nd April 2013

Adamantine Energy Limited (“Adamantine” or the “Company”)

Kenya Block 11b
Satellite Review Completed

Adamantine, a privately owned East Africa focused oil and gas exploration company, announces that it has completed its satellite review work.
Kenyan Block 11B covers an area of approximately 14,200km2
covering the Loeli, Lotikipi, Gatome and South Gatome basins. The basins are to the north of the Lokichar Basin where a significant oil discovery has been made in recent months with the Ngamia-1 well. Analysis of
the existing gravity and magnetics and seismic datasets suggest the basins in block 11B are of similar form to Lokichar and analogous geological plays and petroleum system elements are
expected.

After reviewing the satellite review, Chris Matchette-Downes of Adamantine Energy stated: “Satellite imagery shows indications of seepage on the flanks of the Gatome and other basins within Block 11b. The presence of seepage on the western margin of the Gatome basin is
significant as both the gravity and available seismic data suggest possible basin asymmetry is seen to the south in the Lokichar basin. The western flanks of the Lokichar basin house the recent multi-billion bbl Ngamia and Twiga South discoveries and it is thought that the Gatome
basin will considerably lengthen the “string of pearls”.

Where was this site?

The partnership has elected not to continue into the next exploration phase in Block 10A in Kenya and the previously planned test of the Paipai well has been cancelled due to concerns over economic viability.

While I'm sure there are general conditions in the farm-out and conditional contractual obligations dependent on the results of the FTG and 2d exploration. I guess what I was referring to was the "other consideration" in the: depends on how hard you read or interpret it. Seems I read conditions somewhere...lol

"A farm-out agreement with a renowned integrated oil and gas company, which includes a carry and other considerations, is pending approval from the government of the Republic of Kenya"

Great news, yes they are moving quickly.

http://www.marketwatch.com/story/erhc-energy-inc-awards-contract-for-2d-seismic-survey-in-kenya-block-11a-2014-01-14?reflink=MW_news_stmp

With a 2 year extension its far more than 50 million.


The PSC with the Government of Kenya obliges ERHC to carry out the following minimum work program:

(A) During the Initial Exploration Period of Two (2) Contract Years – Minimum Work and Expenditure Obligations:
· Acquire and interpret 1,000 km2 of gravity and magnetic data (at a minimum cost of US $ 250,000) and
· Acquire and interpret 1,000 Km/line of 2D seismic data (at a minimum cost of US $ 10,000,000)

(B) During the First Additional Exploration Period of Two (2) Contract Years: Minimum Work and Expenditure Obligations to:
· Acquire 750 km2 high density of 3D seismic data (at a minimum cost of US $ 30,000,000), or
· Drill one (1) well to a minimum depth of 3,000 m (at a minimum cost of US $30,000,000)

(C) During the Second Additional Exploration Period of Two (2) Contract Years: Minimum Work and Expenditure Obligation to drill one (1) well to a minimum depth of 3,000m (with minimum expenditure of US $ 30,000,000).

Cepsa may still be the player, anyone negotiating locally would want a quiet period. Just saying, the "other conditions" clause is broad.

Seems to me now, that ERHC's new farm in partner was approved a long time ago. Its the OTHER CONDITIONS clause thats keeping a lid on it. The reason is the new partner is negotiating for other blocks very close by, as well IMO. For example, if they announced Statoil was giving ERHC 50 million and full carry that would affect other negotiations they are involved in. Seems like good business to hold card close and not reveal to neighbors what your paying for property/assets till the deals are done. Definately a good possibility. Just hope ERHC geologist have done their job selling the prospects. The "Other conditions" clause may hold some protections for ERHC as well!

Statoil makes perfect sense as our new partner.
http://www.independent.ie/business/irish/tullow-shares-soar-amid-rumours-of-statoil-takeover-29906350.html

Explains delays and awaiting Tullows new estimates as well. Also explains why the Gov. of Kenya is furiously trying to set up parameters and regulations.

"Tullow has had significant success in finding and developing productive wells, but its shares had declined of late amid a number of dry wells.
But in an interim management statement last November, Tullow said that it has a number of "material well results" due in the coming months."

http://www.directorstalk.com/statoil-speculating-on-acquisitions/
See Tullow map at bottom....

According to Old Mutual major announcements are expected from Tullow and its partner Africa Oil, among them confirmations on the amount of recoverable oil, which currently stands at 300mnl barrels of oil equivalent.
Tullow is also expected to say how long it will take to bring the oil from the ground. According to Peter, should oil and mining become as big as is projected, they could also propel the economy through the double digit barrier.
Tullow Oil intensified its operations in Kenya over last year, with announcements that it had discovered more oil at its Agete-1 exploration well in Block 13T in Lokichar Basin- Northern Kenya.

http://oilinkenya.co.ke/old-mutual-say-oil-and-mining-big-2014-economic-growth-contributors/

At least they say Canadian.
http://www.standardmedia.co.ke/m/?articleID=2000102178&story_title=Oil-exploration-firm-bags-Sh700m-in-deal-with-Canadian-company

http://www.energy-pedia.com/news/kenya/new-157537

Their going to need 44 to 50 million over the next 5 years. Something must be working we don't know of. Thanks for summing that up farrell. Months ago when they announced the Chad and Kenyan deals I speculated/proposed they were building a custom ordered portfolio for the Chinese or someone. E. Offor does have vast connections. Who is the new partner? Why keep it a secrect? Why is it taking so long to announce acceptance. Time will tell. I have to say that ERHC managements confident attitude is NOT reflected in the OTC market s/price. Soon perhaps!