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With Proven Hydrocarbons Reserves valued at $20.00 a Barrel, ERHE only needs 75 million barrels to reach a .50 share price.
The MOU with Starcrest has kept ERHE in the Game.
Payment of ERHE'S Legal Fees will come out of the payment ERHE receives from Total Fina.
Please conduct your own research in case I am Mistaken
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ERHE needs 750 million barrels of Proven Hydrocarbon Reserves to achieve a $5.00 a share valuation in the Market place.
How can this be achieved?
20% of OML40 = 100 MBLS
5% of EEZ 4 = 50 MBLS
5% of JDZ = 100 MBLS
5% of (2) Nigerian Deepwater blocks = 100 MBLS
50% of Kenya's 11A = 300 MBLS.
50% of Chad's block = 150 MBLS
This is Achievable with 800 MBLS estimated above.
Please conduct your own research in case I am Mistaken
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Could ERHE Buy Back their own Stock as a way of supporting that Handful of Loyal Long Term Shareholders who have Always been on "Team SEO" along with supporting the ERHE Management Team.
Seems to me that, All Those Unwanted Shares are now finding a Home with the 10% Individual Investor.
Is their a .01 Penny Buy Back Coming?
Please conduct your own research in case I am Mistaken.
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Since Total Fina Won the Arbitration Cases in a London Court as to Who had Legal Claim and a Legal contract with ERHE. This We All Know.
I find it Very Interesting as to how Kosmos will be filing and stating its brief on 02/25/2019 in the Texas Court, defending its claim of Financial Damage when in FACT, Kosmos did not have Exclusivity to EEZ block 4.
Kosmos case agianst ERHE, could be over before the 25th of February 2019 if Kosmos does as they should, End this "Fake Lawsuit" and try and save face, money and further embarrassment by asking the judge to withdraw their complaint against ERHE and its Beloved and Respected Long Term Shareholders.
Just Keeping it Real!
So, Please conduct your own research in case I am Mistaken.
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Estimated block values:
EEZ block 4 plus two additional 15% paid interest in future blocks = $25 Million.
JDZ all ERHE'S entire holdings = $25 Million
75% interest in two Nigerian Deepwater Assets = $50 Million.
Please conduct your own research in case I am Mistaken.
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With 5% of EEZ block 4 and 1 Billion Barrels of Recoverable Hydrocarbons in Place, ERHE would have 50 Million Barrels of Hydrocarbons and at $10.00 a Barrel, that would worth $500 Million!
Hmmmm, where have we heard THAT NUMBER BEFORE??
Please conduct your own research in case I am Mistaken.
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ERHE will prevail as even Kosmos realized that they had lost the block and All this Legal Maneuvering on Kosmos part was ALL ABOUT RUNNING OUT THE CLOCK FINANCIALLY ON ERHE ABILITY TO PAY FOR LEGAL FEES RELATED TO DEFENDING BLOCK 4 SALE TO TOTAL FINA.
KOSMOS WAS HOPING FOR ERHE TO RUN OUT OF MONEY, BUT TOTAL FINA CAME TO THEIR AID.
There must be an BEHEMOTH AMOUNT OF OIL IN EEZ BLOCK 4!!
Please conduct your own research in case I am Mistaken.
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ERHE will prevail as even Kosmos realized that they had lost the block and All this Legal Maneuvering on Kosmos part was ALL ABOUT RUNNING OUT THE CLOCK FINANCIALLY ON ERHE ABILITY TO PAY FOR LEGAL FEES RELATED TO DEFENDING BLOCK 4 SALE TO TOTAL FINA.
KOSMOS WAS HOPING FOR ERHE TO RUN OUT OF MONEY, BUT TOTAL FINA CAME TO THEIR AID.
Please conduct your own research in case I am Mistaken.
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It was the Texas Court who first prevented ERHE from selling EEZ block4 to Total Fina until the London Court of Arbitration made a ruling.
Kosmos also asked the Judge to force ERHE to release the details of the deal and any communication between ERHE and Total Fina concerning EEZ block 4.
When ERHE asked that Total Fina comply with the request, Total Fina declined.
ERHE filed suit against Total Fina before the London Court of Arbitration and Lost.
The Court ruled that Kosmos did not have a valid contract with ERHE and thus they were not entitled to any information and communications between ERHE and Total Fina involving EEZ block 4.
So, let see how this All Shakes Out!
The Way I See It! Kosmos is being Held in Eternal "Check" by thier own misguided decision making abilities in thier efforts to Steal EEZ block 4 instead of making a Bonified Offer.
Do we hear "Checkmate" this week!!
Please conduct your own research in case I am Mistaken.
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The Texas appeal by ERHE most likely deals with the liquidated damages that Kosmos was looking to stick ERHE with should they win in the London Court of Arbitration with ERHE.
Since ERHE has been vindicated in its case against Kosmos by the London Court of Arbitration.
I look for ERHE to prevail in its dismissal of this case filed in November when the Judge allowed this case to move forward pending the outcome of the London Arbitration Cases.
Here is some food for thought.
Could ERHE have purchased or bought back shares of its stock at .0001 from those that held them during the exchange of shares for working capital and maybe some shares on the open market when weak hands were selling and Jumping Ship.
With the "Circle of Trust" holding about "1-B"
That may not leave enough shares available to "Cover a Short Squeeze" by those who hold that untenable position.
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After being in discussion with Major International Oil Companies Since 2017, could ERHE be on the verge is selling off All or Parts of its Entire Deepwater Hydrocarbon Leases?
Please conduct your own research in case I am Mistaken.
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Total wins another court decision as a Judge ruled in its favor in its legal battle with Kosmos over block 4 in the Sao Tome's EEZ.
Please conduct your own research in case I am Mistaken.
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Publicly traded Companies in the U.S. Market Place.
13G filing is for any company employees, board of directors, individuals or companies doing business with the company that they are working with in Any Capacity including those covering News, publications that advise one way or the other. Brokerage companies public or private, their Brokers, staff low-level workers and any relatives or friends with involvement in the above.
10% holding or more for the average individual investor that does not meet the above standards.
I can not find ONE Individual that has purchased any "SUB PENNY STOCK" in access of 5% in a Sub Penny Stock that has not completed it required SEC filing requirements to be Charged with violating 13D,13G or 13F.
One ERHE'S stock gets above the SUB PENNY standard for 30 days and All SEC filings are up to date, then All Investors above 5% that meet the requirements of 13D, 13F and 13G are required to FILE.
Please conduct your own research in case I am Mistaken.
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Pete's plan is to sell off all (11) of its Deepwater Hydrocarbon Properties blocks and percentage rights for $100 million to $300 million dollar range.
Exercise its MOU with Starcrest. Secure 100 million barrels of OML-40. List on the AIM market in London and forever leave the over the counter trading market where negative opinions out paces Positive Opinions 30 to 1.
ERHE with access to Proven Capital Markets like the London AIM, Proven Hydrocarbon Reserves the produce a steady revenue stream of $65 million a year (ERHE'S Cut) along with $100 million to $300 million of CASH ON HAND and access to some of the most prolific marginal Hydrocarbon in the Nigeria and surrounding areas, ERHE should have very little problem producing oil and gas with its Proven Partner ELAND OIL!!
Please conduct your own research in case I am Mistaken
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Exxon shelling out record amounts of money for West African Oil Leases, including signing bonuses!!
Please conduct your own research in case I am Mistaken.
On another note:
The only one who could be shorting or conducting naked shorting of ERHE stock are the Market Makers and they know who they are!
When the squeeze comes and it will, The Market Makers will be screaming like a long tail cat in a room of rocking chairs that are moving about!!
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Shell Oil looking to partner with Kosmos in 4 of its Sao Tome EEZ blocks.
The EEZ seems to be the hottest region in West Africa.
Total in EEZ block 4 and 2.
Exxon circling overhead looking for opportunities within this region.
Please conduct your own research in case I am Mistaken
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As Exxon looks to acquire more Hydrocarbon Properties in West Africa it still is holding on to a Chad block with only 20,000 barrels a day delivery in Chad.
This Hydrocarbon Property does not seem to fit into the Exxon model.
Could Exxon be putting this block up for sale in the near future?
Exxon's Deepwater Nigerian block that was producing 600,000 barrels a day is in steep decline, only producing 250,000 a day.
This block could also be sold off.
Could Exxon be circling back over some West African Deepwater Properties for Sale?
ERHE still has a nice portfolio of Deepwater Hydrocarbon Properties to look at.
Back in the Day, it was rumored that Exxon offered between $1.00 to $2.00 a share for ERHE'S Deepwater Assets or $765 million to $1.43 billion.
Please conduct your own research in case I am Mistaken.
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Oil was found in Kenyain block 11A (fact).
Cespa drilled off target to see if the spot they drilled tied back to the largest hydrocarbon target in block 11A at depth that were represented in the other seismic imagery and the two hydrocarbon target were desperate.
60 million barrels is not Commercial for a company the size of Cespa.
However, if one knows how to acquire a few quality news subscription to one of several hydrocarbon publication, they would know this information already and disregard the "FAKE INFORMATION".
Please conduct your own research in case I am Mistaken.
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Since the Sao Tome Government get a 15% Carry in any of their EEZ Blocks, Kosmos gets 30% of any block they takeover and their operating partner gets 55%.
So even though Kosmos has lost its ability to buy EEZ block 4 from ERHE, Kosmos maybe able to purchase all of ERHE'S Deepwater rights and gain a 15% of EEZ block 4 prior to the official signing of EEZ block 4.
If Kosmos could recover 50% of their standard 30% interest in EEZ block 4, they could lesson their financial lost in the block.
Maybe Total Fina beats Kosmos to the punch and Total has already entered into contract with ERHE to acquire all of ERHE'S Deepwater Assets, including the (2) Nigerian Deepwater Assets that are tied-up in the MOU with Starcrest.
Please conduct your own research in case I am Mistaken.
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Since the EEZ block 4 PSC has not been officially signed and with Kosmos running out of legal options, could Kosmos attempt to pull off an End Run or Hail Mary if you will, around Total Fina and Buy ERHE'S entire deepwater portfolio whereby Kosmos exercises one of the two 15% interest in any EEZ Block in order to get 15% of EEZ block 4 instead of nothing.
Could this spark a Bidding War between Total Fina, Kosmos and possibly Exxon for ERHE'S Deepwater Portfolio which would include All of the JDZ assets, All of her EEZ assets and the two Nigerian Deepwater Assets via the ERHE MOU with Starcrest.
Just Food for Thought!
Please conduct your own research in case I am Mistaken.
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Well it looks like Kosmos got some more bad news as Orlando Pontes lost his job as chief executive of the Sao Tome National Petroleum Agency for his involvement with certain files related to the $60k Kosmos placed in the bank account of the National Petroleum Agency.
Kosmos was counting on Pontes help in its legal battle with Total over block 4 of the EEZ.
As the Chess pieces move about the Board, Kosmos is finding it harder and harder to avoid Check-Mate in its legal fight with Total Fina over EEZ block 4.
Please conduct your own research in case I am Mistaken.
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With 3-D seismic indicating slightly over 1 billion barrels of recoverable hydrocarbons in JDZ block 2 and ERHE increasing its stake to 40%.
Who else is looking at ERHE'S JDZ block 4 after Exxon gave up trying to gain the Operatorship with a minority stake in block 2.
Please conduct your own research in case I am Mistaken.
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How much will ERHE get for her estimated 2 billion plus barrels of deepwater hydrocarbons that may rest in the combined JDZ, EEZ and two Nigerian deepwater block tied up in the MOU with Starcrest Energy Nigeria?
Please conduct your own research incase I am Mistaken.
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$1.00 to $3.00 a barrel for Estimated Hydrocarbon Reserves.
$10.00 to $30.00 a barrel for Proven Hydrocarbon Reserves.
Please conduct your own research in case I am Mistaken.
GO ERHE!!
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Like I said "There is No Sao Tome Arbitration Case against ERHE" Fact!!
There is however an ERHE Arbitration Case filed against Sao Tome! Fact!
This is ERHE'S second arbitration case filed against Sao Tome since 2001. The first case involved EEZ block 11 transfer of rights to Kosmos.
This second case is a direct result of Sao Tome trying to place a tax lien for unpaid concession taxes due Sao Tome from the sale of EEZ block 11 to Kosmos.
Sao Tome let it be known to oil companies operating in the area that they need money in the amount of $60k which was 10% of the $600k that ERHE owed in taxes from the sale of block 11.
Kosmos was quick to answer the call for the Sao Tome authorities. In doing so, they issued $60k to a Government agency earmarked for personal training fees related to block 11, which we all know was a fraud and violated the forgien corruption act as Kosmos had a Direct Financial interest in the outcome of this case that why they tried to disguise the payment.
I wonder if the U.S. DOJ will be filing a suit?
It is my opinion that ERHE'S arbitration case against Sao Tome for trying to place a tax lien block 4, well it would seem moot at this point as the block belongs to Total also, if there was no contractual agreement by which Sao Tome could collect back taxes or fees by lien other prospects the debtor may have, they loose. Every hydrocarbon block as a separate legal entity or subsidiary operating its block and thus any and all unpaid expenses may go unpaid as that enitiy goes out of business.
Now it seems that Sao Tome not ERHE has run out time as they can not pay their legal bills and the money they were going to use was got via illegal methods.
My opinion, ERHE Prevails!!
Just Food for Thought.
So once again kingpin, Please get your facts right or state them as your opinion for clarification purposes If that is the case!
Please conduct your own research in case I am Mistaken.
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Let's discuss some Facts about Total's arbitration case victory!!
Well, Total won its arbitration case against ERHE, that is Right I said ERHE. The Total arbitration case Victory prevented ERHE via a court order from the Kosmos lawsuit from sharing the Total and ERHE contract details involving the sale of EEZ block 4 to Total. Kosmos lawsuit needed to see if ERHE violated the data disclosure agreement in its now debunked claim.
Kosmos did not have Contract Exclusivity to purchase EEZ block 4 from ERHE as the block now belongs to Total.
Kosmos contends that ERHE broke its purchase contract agreement by sharing secretive and classified data about EEZ block 4 with Total Fina.
However ERHE claims that was not the case. Kosmos claimed to ERHE that the block was of little value, but ERHE knew better by the number of calls they received from different oil companies that were interested in purchasing the block.
Total offered the highest value for the block and that is as simple as it gets.
The Kosmos Arbitration and the damages case will soon be over.
Another fact, there is "No Sao Tome Arbitration Case against ERHE or Total for that matter. They (Sao Tome) were listed as a witness in Kosmos Arbitration Case against ERHE.
Thanks Again Kingpin for that bit of Disinformation about Sao Tome Arbitration Case against ERHE, Yet, Once more you spread Propaganda and falsehoods about ERHE!
Are you still clinging to the "Exxon was not interested in JDZ block 2" or shall I post the AEI article? Your choice mate!
Please conduct your own research in case I am Mistaken.
Have a Great Weekend and May God bless All ERHE Longs.
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Yep, it looks like Kosmos tried to "Pirate" their way into taking over the Sao Tome EEZ block 4.
Now we can All Understand Why the Kosmos CEO was Ripping Mad at the thought of losing Block 4 to Total.
Not only is Block 4 the Hottest Looking Seismic Block to date in the EEZ, but their bid was so low and insulting to ERHE and a Righteous Buyer Ponied Up the Cash instead!!!
What was Kosmos think? They acted like they were buying two broke down gasoline service station on the Island of Sao Tome for $100k!
Good grief, their legal fees are much higher than their bid for block 4. Kosmos was playing "Poker's Bluff" with ERHE and Lost.
If I was a shareholder in Kosmos I would want the Board of Directors to fire the Bums!
If this is how this junior oil company operates, shareholders may consider shorting the company until Better Management is found.
Please conduct your own research in case I am Mistaken.
I told you "A New Beginning was just around the Corner"!!!
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The Chinese Government is set to takeover key Kenya infrastructure after the first of the year as the Kenya Government can not repay loans to a Chinese Bank for the new railroad system installed and operated by the Chinese.
The key assets that are set to be taken over and operated for repayment are the main Kenya shipping sea port of Mambasa, the National Electrical Grid, Wireless Telecommunications and the SGR railroad system.
The local news papers have accused the Chinese builders of the new railroad of operating the Rail system in such a manner as to insure its financial failure as a catalyst to allow for the Chinese Government taken over and operate Kenya's vital industrial infrastructure to repay the loans to Chinese Banks.
This type of Predatory Infrastructure Lending has allowed for the Chinese Government to Trap and Ensnare African Governments to the political influence of the Chinese Government.
Please conduct your own research in case I am Mistaken.
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A New Beginning is Just Around the Corner!
Please conduct your own research in case I am Mistaken.
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Rumor has it that when the share price heads north very quickly, the naked short holders will have developed a Very Large "Lump in their Shorts" and it will not be Christmas "Coal"!!
Please conduct your own research in case I am Mistaken.
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Their Gulf Energy purchase seems to be yet another blunderous move as they needed $60.00 a barrel in oil equivalence just to break even.
Oil may be trading below $60 for some time.
Will Kosmos be forced to shutdown the well or reduce production to a minimum?
Please conduct your own research in case I am Mistaken.
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Could ERHE gain access to the AIM London Market after it wins the legal fight for block 4 with Kosmos?
ERHE has stated its wish to sell off its entire Deepwater Portfolio.
Free of legal entanglements and flush with cash from the Deepwater Portfolio sell off and free to re-enter Kenya and Chad along with its share of OML-40 in Nigeria, Eland maybe Eyeing ERHE as a possible merger of equals.
The only way Kosmos could save Face would be to buy the Entire "Deepwater Portfolio" or buy ERHE outright.
A bidding war could ensue for part or all of ERHE.
Please conduct your own research in case I am Mistaken.
Merry Christmas to All of ERHE shareholders, their Families, Friends and Management Team.
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And the "Fake News" continues!
Fake Lawsuit by Kos, Illegal Payment(s) to Corrupt Sao Tome Offical(s) by Kos!
Numerous other shady and possibly illegal deals by the Oil Elitist in order to defraud long term ERHE shareholders.
The Sao Tome Government along with other Western Powers seems to be at the heart of this Deception to Deny ERHE and it's shareholders thier due right of passage to Wealth and Prosperity from their long Won Hydrocarbon rights in some of the hottest region in the World's Oil Patch.
Let see how this All shakes out!!
Please conduct your own research in case I am Mistaken.
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Like Most Billionaire, they conduct business like a Champion Chess Player, Every Move they Make is backed up by another Chess Piece or (Business Venture) and that Move has a Definitive Purpose in Securing thier efforts to be Sucessful.
Just because SEO or The Chrome Group does not Televise their Position, does not mean it is not So.
Just Factual Food for Thought!
It will be No Fault of Ours, If others get left behind!
Please conduct your own research in case I am Mistaken
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Could Starcrest or The Chrome Group be the Source of ERHE'S Legal Funding?
Only Time Will Tell!!
Kosmos better breakout the Checkbook before it is to late!!
Please conduct your own research in case I am Mistaken.
GO ERHE!!
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Kosmos claim that EEZ block is worth $500 million breaks down like this:
The Sao Tome government get 15% free carry in each EEZ block.
Kosmos get 30% and BP gets 55%, so assuming that a $1 a barrel valuation is given for P50 estimated Recoverable Hydrocarbons in place.
So 500 mbps ÷ 30% = 1.666 Billion barrels of P50 reserves or half that amount if one uses $2 a barrel valuation for P50 reserves.
In any event if EEZ block does contain that much oil, Kosmos is not very smart to allow this block to go un-purchased for a value that would be suitable for both parties involved.
One can only say to thinks, Kosmos is not telling the truth about EEZ block 4 or as Forrest Gump would say "Stupid Is As Stupid Does"!!
Kosmos board of directors should surely look into the Gross Mis-management of overlooking this block's true value or the Gross Mis-management of the Lawsuit by spending good money that should be going toward a suitable purchase price. This lawsuit is sure to fail, unless the Lawsuit would allow the time required to close a deal for All or Part of ERHE'S Deepwater Hydrocarbon Rights.
May be and Bidding War is Forth Coming.
Just Food for Thought, so please conduct your own research in case I am Mistaken.
GO "Tide"!!
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Reports claim that EEZ block 4 contain Four very large Graben Geological Structures.
These Geological Structures typically contain very large amounts of Hydrocarbons.
These Geological Structures are bound by the volcanic island to the west and the Kirbi Fault line to the East that runs thru block 4.
Kosmos has claimed that Block 4 is worth $500 million in their Lawsuit.
ERHE would like to sell off its entire Deepwater Portfolio which include All of the JDZ and EEZ rights along with (2) Deepwater blocks in Nigerian waters thanks to the Starcrest MOU.
Could a bidding War breakout between Total Fina and it's Partner Sonangol and Kosmos and it's Partner BP?
Please conduct your own research incase I am Mistaken.
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Reports have it that Total is helping Sonangol get back into the Sao Tome EEZ block 1 while it is involve in a legal battle with Kosmos for EEZ block 4.
Image that, Total Fina in a legal battle for block 4.
Kosmos "FAKE" lawsuit against ERHE will mean nothing should Total Fina buyout all of ERHE'S Deepwater Assets!
Game Over for Kosmos if Total takes over the Deepwater Assets of ERHE!
Please conduct your own research in case I am Mistaken, but I Think Not!!!!
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Kosmos claims that Sao Tome's EEZ block 4 is the most interesting block of all the blocks that they have looked at.
ERHE has the rights to block 4 and Kosmos lawsuit against ERHE is an attempt not to lose out on getting this block.
Please conduct your own research in case I am Mistaken.
Some may not like the news, but I doooooooooo!
Happy Thanksgiving
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The Industry standard practice of paying $2 a barrel for P50 estimated hydrocarbons in place would indicate that there must be 250 barrels of recoverable hydrocarbons if one uses Kosmos valuation for block 4.
However that number could be to be much higher as Kosmos maybe claim a $1.00 a barrel valuation so 500 million barrels maybe in place.
Since Sao Tome get 15% free carry in every block that would leave Kosmos with 35% and the operator of the block "BP" with 55% of the block.
Since Kosmos has filed suit for their estimated economic loss should they lose, there maybe in fact be 700 million to 1.4 Billion barrels depending on which number one uses to value Kosmos 35% stake in the block $1.00 or $2.00
Also one must not over look the fact that Kosmos block 5 hydrocarbon target ALL SLOPE INTO BLOCK 4 AND BLOCK 5 HYDROCARBONS MAY IN FACT COME FROM BLOCK 4.
Please conduct your own research in case I am Mistaken.
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