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DG
Sorry to read about your troubles. Hope things will get back to normal soon for you.
Fingers are crossed for you and others that are stuck!
Brez
Ahahaha!
Cheers
Brez
ERHC Energy Inc. Issues March 2017 Shareholder Update
HOUSTON, March 23, 2017 – 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.
a. In the light of the current oil-price environment and continued constraints on funding for oil exploration activities, ERHC’s management and board continue working toward a strategic realignment of the Company.
b. The Company’s new strategic priorities will include a focus on opportunities for cost-efficient entry into production and producing assets. This is in contrast to the pure exploration model which the Company previously ran.
c. The new focus is intended to open up the Company to new streams and a wider range of financing.
d. As a result, the Company is carrying out a comprehensive review of its legacy exploration assets with a view to deciding, on an asset-by-asset basis, the feasibility and desirability of retention within the new strategic focus. This review covers of course Kenya Block 11A, Chad Block BDS 2008 and the Gulf of Guinea interests.
e. With regard to first steps in the drive towards assets at the other end of the E&P value chain, ERHC recently signed a Memorandum of Understanding with Starcrest Nigeria Energy Limited (“Starcrest”) as previously announced.
f. Starcrest has a significant stake in Elcrest Exploration and Production Company Limited, the holder of 45 percent of Nigeria’s producing OML 40. Starcrest also holds directly OPL 291 and OPL 242 in Nigeria.
g. ERHC is currently engaging with Starcrest towards the terms of a possible transaction between the two companies.
h. In addition, ERHC is part of several consortia bidding for producing interests in West Africa with backing from financing partners.
i. Newstar Oil and Gas, Inc, a wholly owned subsidiary of ERHC, has also been set up to acquire producing assets domestically.
j. ERHC will be presenting at the 16th Africa Independents Forum in May 2017 in London. This is the premier international forum showcasing independents holding acreage and portfolio assets in Africa. Learn more at http://www.oilgas-events.com/Find-an-Event/Africa-Independents-Forum.
k. ERHC has reduced costs across board. Investor relations and outreach have been affected but ERHC will endeavor to keep satisfying any mandatory regulatory requirements for disclosure, particularly to shareholders as whole.
l. ERHC encourages shareholders and others to refer to quarterly and annual filings with the SEC, which can be found at http://erhc.com/secfilings/.
m. We thank you for your continued interest in ERHC.
Sincerely,
Peter Ntephe
President and Chief Executive Officer
About ERHC Energy
ERHC Energy Inc. Issues March 2017 Shareholder Update
HOUSTON, March 23, 2017 – 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.
a. In the light of the current oil-price environment and continued constraints on funding for oil exploration activities, ERHC’s management and board continue working toward a strategic realignment of the Company.
b. The Company’s new strategic priorities will include a focus on opportunities for cost-efficient entry into production and producing assets. This is in contrast to the pure exploration model which the Company previously ran.
c. The new focus is intended to open up the Company to new streams and a wider range of financing.
d. As a result, the Company is carrying out a comprehensive review of its legacy exploration assets with a view to deciding, on an asset-by-asset basis, the feasibility and desirability of retention within the new strategic focus. This review covers of course Kenya Block 11A, Chad Block BDS 2008 and the Gulf of Guinea interests.
e. With regard to first steps in the drive towards assets at the other end of the E&P value chain, ERHC recently signed a Memorandum of Understanding with Starcrest Nigeria Energy Limited (“Starcrest”) as previously announced.
f. Starcrest has a significant stake in Elcrest Exploration and Production Company Limited, the holder of 45 percent of Nigeria’s producing OML 40. Starcrest also holds directly OPL 291 and OPL 242 in Nigeria.
g. ERHC is currently engaging with Starcrest towards the terms of a possible transaction between the two companies.
h. In addition, ERHC is part of several consortia bidding for producing interests in West Africa with backing from financing partners.
i. Newstar Oil and Gas, Inc, a wholly owned subsidiary of ERHC, has also been set up to acquire producing assets domestically.
j. ERHC will be presenting at the 16th Africa Independents Forum in May 2017 in London. This is the premier international forum showcasing independents holding acreage and portfolio assets in Africa. Learn more at http://www.oilgas-events.com/Find-an-Event/Africa-Independents-Forum.
k. ERHC has reduced costs across board. Investor relations and outreach have been affected but ERHC will endeavor to keep satisfying any mandatory regulatory requirements for disclosure, particularly to shareholders as whole.
l. ERHC encourages shareholders and others to refer to quarterly and annual filings with the SEC, which can be found at http://erhc.com/secfilings/.
m. We thank you for your continued interest in ERHC.
Sincerely,
Peter Ntephe
President and Chief Executive Officer
About ERHC Energy
Falcon's odds of winning yesterday starting 4th quarter were 99.6%!
Can ERHC pull a Patriots?
Cheers
Brez
Thank you! Now I can sleep and wait some more.
Cheers
Brez
Kownski
Sorry this confusing for me. And frankly don't understand your post. So, make it really simple for me please.
Good, neutral or bad news?
Thanks
Brez
I have no clue what to think???
Cheers
Brez
ERHC Energy Inc. Issues November 2016 Shareholder Update
HOUSTON, November 14, 2016 – ERHC Energy Inc. (OTCMKTS:ERHED), 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.
2. Chad Block BDS 2008
a. ERHC continues to talk with potential farm-in partners.
b. The next stage of exploration is a seismic survey on ERHC’s two focus areas. ERHC is exploring, as one of its funding options, the possibility of a right-to-earn partnership in exchange for seismic services.
c. Based on the result of an aero-magnetic and gravity survey that ERHC completed over the Block, total Petroleum Initially in Place (PIIP) for one of ERHC's two focus areas has been estimated at 278 million barrels (with a high case of 876 million barrels).
d. ERHC holds a 100 percent interest in BDS 2008.
3. São Tomé and Príncipe Exclusive Economic Zone (EEZ)
a. ERHC has concluded negotiation of the terms of a Production Sharing Contract with the National Petroleum Agency of São Tomé and Principe (ANP-STP).
b. ERHC is currently in discussions with potential farm in partners.
c. ERHC holds a 100 percent interest in EEZ Block 4.
4. Nigeria - São Tomé and Príncipe Joint Development Zone (JDZ) –
a. The Nigeria - São Tomé and Príncipe Joint Development Authority (JDA) continues to engage with the remaining JDZ contracting parties, including ERHC, on the way forward for further exploration.
b. A five-well exploration campaign in JDZ Blocks 2, 3 and 4 (in which ERHC holds significant interests) failed to discover hydrocarbons in commercial quantities but yielded invaluable information that will guide future exploration.
5. Other Business Activities:
a. In the light of the current oil price environment and continued constraints on funding for oil exploration activities, ERHC’s management and board are working toward a strategic realignment of the Company.
b. ERHC has also received and continues to consider exploratory enquiries about mergers and acquisitions, new strategic investments and other arrangements.
c. In response to current economic conditions, ERHC continues to reduce costs across board. Investor relations and outreach has been affected but ERHC will endeavor to keep satisfying any mandatory regulatory requirements for disclosure, particularly to shareholders as whole.
ERHC encourages shareholders and others to refer to quarterly and annual filings with the SEC, which can be found at http://erhc.com/secfilings/.
We thank you for your continued interest in ERHC.
ERHC Energy Inc. Issues November 2016 Shareholder Update
HOUSTON, November 14, 2016 – ERHC Energy Inc. (OTCMKTS:ERHED), 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.
2. Chad Block BDS 2008
a. ERHC continues to talk with potential farm-in partners.
b. The next stage of exploration is a seismic survey on ERHC’s two focus areas. ERHC is exploring, as one of its funding options, the possibility of a right-to-earn partnership in exchange for seismic services.
c. Based on the result of an aero-magnetic and gravity survey that ERHC completed over the Block, total Petroleum Initially in Place (PIIP) for one of ERHC's two focus areas has been estimated at 278 million barrels (with a high case of 876 million barrels).
d. ERHC holds a 100 percent interest in BDS 2008.
3. São Tomé and Príncipe Exclusive Economic Zone (EEZ)
a. ERHC has concluded negotiation of the terms of a Production Sharing Contract with the National Petroleum Agency of São Tomé and Principe (ANP-STP).
b. ERHC is currently in discussions with potential farm in partners.
c. ERHC holds a 100 percent interest in EEZ Block 4.
4. Nigeria - São Tomé and Príncipe Joint Development Zone (JDZ) –
a. The Nigeria - São Tomé and Príncipe Joint Development Authority (JDA) continues to engage with the remaining JDZ contracting parties, including ERHC, on the way forward for further exploration.
b. A five-well exploration campaign in JDZ Blocks 2, 3 and 4 (in which ERHC holds significant interests) failed to discover hydrocarbons in commercial quantities but yielded invaluable information that will guide future exploration.
5. Other Business Activities:
a. In the light of the current oil price environment and continued constraints on funding for oil exploration activities, ERHC’s management and board are working toward a strategic realignment of the Company.
b. ERHC has also received and continues to consider exploratory enquiries about mergers and acquisitions, new strategic investments and other arrangements.
c. In response to current economic conditions, ERHC continues to reduce costs across board. Investor relations and outreach has been affected but ERHC will endeavor to keep satisfying any mandatory regulatory requirements for disclosure, particularly to shareholders as whole.
ERHC encourages shareholders and others to refer to quarterly and annual filings with the SEC, which can be found at http://erhc.com/secfilings/.
We thank you for your continued interest in ERHC.
Oldoil,
Awesome!
Cheers
Brez
it's been 13 soul-crushing years, so I guess I'm long term too! :)
Cheers
Brez
Same here....same here
Cheers
Brez
I'm riddin' her in!!!
Cheers
Brez
Thanks Seek
Cheers
Brez
Thanks Tamtam. It's been a long time hope all is well! All good here
Cheers
Brez
Thanks, yep its ours!
Thanks. Was egole-1 ours as well? I don't recognize that name.
Cheers
Brez
Thanks! Let's go up now!!
Cheers
Brez
Yes it is a bummer. But at least you can find satisfaction in the fact that we are suffering!
OT: Hope your family and friends are ok Tamtam
in our thoughts
Bree
Well done!
Thanks
Brez
So tryoty....how do you really feel?? :)
Cheers
Brez
Did I do a math in public error?
Possible! :)
Cheers
Brez
Closed at 1.4M ish. That's 140M presplit. Yes low percentage but pretty high!
Cheers
Brez
Lol!
ERHC Energy Inc. Issues Update on Exploration Plans for Kenya Block 11A
Infrastructure development well underway and drilling rig mobilized in advance of late March spud date
HOUSTON, February 16, 2016 – ERHC Energy Inc. (OTCMKTS:ERHED), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, today issued the following update on exploration progress in Kenya Block 11A as well as other matters from Dr. Peter Ntephe, president and chief executive officer.
To ERHC Shareholders:
I am pleased to update the investment community and other interested parties on ERHC Energy Inc.
1. Kenya Block 11A
a) We continue to work relentlessly toward a spud date for the Tarach-1 well near the end of the first quarter of 2016.
b) The rig is being mobilized to the drill site where concreting work and installation of conductors have already been completed. The contracting parties have completed over 80 kilometers (50 miles) of access road.
c) The Tarach-1 well is designed to drill from a 20-inch surface casing through intermediate casings down to 2,442 meters and set a seven-inch liner down to total depth (TD) of 3,000 meters.
d) As disclosed previously, the Tarach-1 prospect's mean estimate of oil prospective unrisked resources is 66 million barrels. Mean unrisked prospective resources of all prospects and leads in Block 11A totals 662 million barrels.
e) ERHC holds a 35 percent interest in Block 11A. As previously disclosed, ERHC is obligated, under existing agreements, to pay 25 percent of its proportionate share of the costs of well and is carried for the remaining 75 percent of its proportionate share. ERHC has paid all cash calls relating to its obligations for the costs of the well to date.
2. First Quarter Reporting and General Meeting
a) ERHC's quarterly Form 10-Q is being finalized. As is the practice, shareholders will be able to access it as soon as it is filed at http://erhc.com/secfilings/.
b) The Form 10-Q includes an update on the operational status of ERHC's other onshore and offshore oil exploration Blocks in Chad and the Gulf of Guinea.
c) Many thanks to the shareholders who participated – either in person or through proxy – in ERHC's special meeting of shareholders in December. Shareholders approved a 100:1 reverse stock split, which became effective in mid-January. In the past week, the Company's stock symbol has returned to "ERHE," dropping the "D" that had been added temporarily to indicate the reverse split had occurred.
d) For more information, please visit ERHC's online database of SEC filings at http://erhc.com/secfilings/.
We thank you for your continued interest in ERHC.
Sincerely,
Peter Ntephe
President and Chief Executive Officer
ERHC Energy Inc. Issues Update on Exploration Plans for Kenya Block 11A
Infrastructure development well underway and drilling rig mobilized in advance of late March spud date
HOUSTON, February 16, 2016 – ERHC Energy Inc. (OTCMKTS:ERHED), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, today issued the following update on exploration progress in Kenya Block 11A as well as other matters from Dr. Peter Ntephe, president and chief executive officer.
To ERHC Shareholders:
I am pleased to update the investment community and other interested parties on ERHC Energy Inc.
1. Kenya Block 11A
a) We continue to work relentlessly toward a spud date for the Tarach-1 well near the end of the first quarter of 2016.
b) The rig is being mobilized to the drill site where concreting work and installation of conductors have already been completed. The contracting parties have completed over 80 kilometers (50 miles) of access road.
c) The Tarach-1 well is designed to drill from a 20-inch surface casing through intermediate casings down to 2,442 meters and set a seven-inch liner down to total depth (TD) of 3,000 meters.
d) As disclosed previously, the Tarach-1 prospect's mean estimate of oil prospective unrisked resources is 66 million barrels. Mean unrisked prospective resources of all prospects and leads in Block 11A totals 662 million barrels.
e) ERHC holds a 35 percent interest in Block 11A. As previously disclosed, ERHC is obligated, under existing agreements, to pay 25 percent of its proportionate share of the costs of well and is carried for the remaining 75 percent of its proportionate share. ERHC has paid all cash calls relating to its obligations for the costs of the well to date.
2. First Quarter Reporting and General Meeting
a) ERHC's quarterly Form 10-Q is being finalized. As is the practice, shareholders will be able to access it as soon as it is filed at http://erhc.com/secfilings/.
b) The Form 10-Q includes an update on the operational status of ERHC's other onshore and offshore oil exploration Blocks in Chad and the Gulf of Guinea.
c) Many thanks to the shareholders who participated – either in person or through proxy – in ERHC's special meeting of shareholders in December. Shareholders approved a 100:1 reverse stock split, which became effective in mid-January. In the past week, the Company's stock symbol has returned to "ERHE," dropping the "D" that had been added temporarily to indicate the reverse split had occurred.
d) For more information, please visit ERHC's online database of SEC filings at http://erhc.com/secfilings/.
We thank you for your continued interest in ERHC.
Sincerely,
Peter Ntephe
President and Chief Executive Officer
Thanks great post!
Brez
I have yet to see any charges on my TDA or Scotia iTrade accounts.
Cheers
Brez
Same with Scotia iTrade in Canada!
Cheers
Brez
Merry Christmas every one
Please Santa bring us oil this year! We've had our share of coal!!!
Cheers
Brez
Merry Christmas every one
Please Santa bring us oil this year! We've had our share of coal!!!
Cheers
Brez
Yep! Great day for Captain America!!
Cheers
Brez
ERHC Energy Inc. Shareholders Approve Reverse Stock Split
Positions ERHC to take advantage of merger and acquisition interest
HOUSTON, December 16, 2015 – The Shareholders of ERHC Energy Inc. (OTCMKTS: ERHE), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, have overwhelmingly approved a 100-for-one reverse stock split. More than 85 percent of the votes cast, a quorum being present, were cast in favor of the reverse stock split. The management and Board of Directors of ERHC proposed a reverse stock split as a way to enhance the Company's balance sheet, while better positioning ERHC to take advantage of certain merger and acquisition interest.
The vote total announced yesterday during a special meeting of the Company's shareholders (subject to final certification by the Inspectors of Election) was:
• For: 2,232,195,312
• Against: 270,236,405
• Abstain: 16,538,242
The Company will now undertake the regulatory and administrative steps necessary to make the reverse stock split effective.
"We thank the shareholders of ERHC for approving this proposal, which we anticipate might strengthen investor interest in the Company and make ERHC more attractive to major new investors and potential business partners," said ERHC President and CEO Peter Ntephe. "This action clears the way for ERHC to pursue strategic capital-raising opportunities and potentially value-enhancing mergers and acquisitions activity."
ERHC holds a 35 percent interest in Kenya Block 11A, where the first exploration well is expected to be spudded toward the end of the first quarter of 2016. In Chad, ERHC is accepting tender proposals for a 2-D seismic acquisition program for Block BDS 2008. In the Gulf of Guinea, ERHC holds 100 percent of the rights to Block 4 in the São Tomé and Príncipe Exclusive Economic Zone (EEZ) Block 4 as well as the option to take up to a 15 percent working interest in each of two other unlicensed EEZ blocks of its choice. The Company also has interests across several oil blocks in the Nigeria - São Tomé and Príncipe Joint Development Zone (JDZ).
ERHC Energy Inc. Shareholders Approve Reverse Stock Split
Positions ERHC to take advantage of merger and acquisition interest
HOUSTON, December 16, 2015 – The Shareholders of ERHC Energy Inc. (OTCMKTS: ERHE), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, have overwhelmingly approved a 100-for-one reverse stock split. More than 85 percent of the votes cast, a quorum being present, were cast in favor of the reverse stock split. The management and Board of Directors of ERHC proposed a reverse stock split as a way to enhance the Company's balance sheet, while better positioning ERHC to take advantage of certain merger and acquisition interest.
The vote total announced yesterday during a special meeting of the Company's shareholders (subject to final certification by the Inspectors of Election) was:
• For: 2,232,195,312
• Against: 270,236,405
• Abstain: 16,538,242
The Company will now undertake the regulatory and administrative steps necessary to make the reverse stock split effective.
"We thank the shareholders of ERHC for approving this proposal, which we anticipate might strengthen investor interest in the Company and make ERHC more attractive to major new investors and potential business partners," said ERHC President and CEO Peter Ntephe. "This action clears the way for ERHC to pursue strategic capital-raising opportunities and potentially value-enhancing mergers and acquisitions activity."
ERHC holds a 35 percent interest in Kenya Block 11A, where the first exploration well is expected to be spudded toward the end of the first quarter of 2016. In Chad, ERHC is accepting tender proposals for a 2-D seismic acquisition program for Block BDS 2008. In the Gulf of Guinea, ERHC holds 100 percent of the rights to Block 4 in the São Tomé and Príncipe Exclusive Economic Zone (EEZ) Block 4 as well as the option to take up to a 15 percent working interest in each of two other unlicensed EEZ blocks of its choice. The Company also has interests across several oil blocks in the Nigeria - São Tomé and Príncipe Joint Development Zone (JDZ).
Doubleaa
Please post your impression post-meeting. I look forward to reading them.
Cheers
Brez
Tamtam
I found that very interesting as well!
Cheers
Brez
ERHC Energy Inc. Issues November 2015 Shareholder Update
HOUSTON, November 30, 2015 – 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 from Dr. Peter Ntephe, president and chief executive officer.
To ERHC Shareholders:
I am pleased to update the investment community and other interested parties on ERHC Energy Inc.
1. General Meeting
a) Preparations are underway for a special meeting of shareholders of ERHC, scheduled for December 15, 2015 in Houston.
b) All shareholders of record as of the record date (November 2, 2015) should have received proxy statements. Voting is open online and by mail with specific voting details on each proxy.
c) The purpose of the special meeting is to consider the proposal of a 100:1 reverse stock split. ERHC's management and board believe that approval of the proposal would, among other things, enhance the company's balance sheet and better position ERHC to take advantage of merger and acquisition interest, particularly in the event of exploration success on any of its assets.
d) For more information, please visit ERHC's online database of SEC filings at http://erhc.com/secfilings/.
2. Kenya Block 11A
a) The Tarach-1 well is expected to spud at the end of the first quarter of 2016. The prospect is defined by four 2D seismic lines out of the 2014 survey. The structural trap is a 3-way dip closure against a north-south normal fault plane at 1,426 mMD (-954m TVDSS) and covering a surface area of 12 sq.km. The vertical closure is calculated at 220 meters at the P10 closing contour.
b) The contracting parties, led by CEPSA (the operating partner), have awarded drilling service contracts following the requisite tenders, and logistics operations toward drilling have begun.
c) Contingent upon the results of the Tarach-1 well, a second exploratory well, Egole-1, may follow shortly after the completion of Tarach-1.
d) As drilling approaches, ERHC has experienced a surge in interest in farming into Kenya. ERHC is currently in discussions with several interested international E&P companies.
e) The mean estimate of oil prospective unrisked resources for the prospect is 66 million barrels. Mean unrisked prospective resources of all prospects and leads in Block 11A totals 662 million barrels.
ERHC Energy Inc. Issues November 2015 Shareholder Update
HOUSTON, November 30, 2015 – 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 from Dr. Peter Ntephe, president and chief executive officer.
To ERHC Shareholders:
I am pleased to update the investment community and other interested parties on ERHC Energy Inc.
1. General Meeting
a) Preparations are underway for a special meeting of shareholders of ERHC, scheduled for December 15, 2015 in Houston.
b) All shareholders of record as of the record date (November 2, 2015) should have received proxy statements. Voting is open online and by mail with specific voting details on each proxy.
c) The purpose of the special meeting is to consider the proposal of a 100:1 reverse stock split. ERHC's management and board believe that approval of the proposal would, among other things, enhance the company's balance sheet and better position ERHC to take advantage of merger and acquisition interest, particularly in the event of exploration success on any of its assets.
d) For more information, please visit ERHC's online database of SEC filings at http://erhc.com/secfilings/.
2. Kenya Block 11A
a) The Tarach-1 well is expected to spud at the end of the first quarter of 2016. The prospect is defined by four 2D seismic lines out of the 2014 survey. The structural trap is a 3-way dip closure against a north-south normal fault plane at 1,426 mMD (-954m TVDSS) and covering a surface area of 12 sq.km. The vertical closure is calculated at 220 meters at the P10 closing contour.
b) The contracting parties, led by CEPSA (the operating partner), have awarded drilling service contracts following the requisite tenders, and logistics operations toward drilling have begun.
c) Contingent upon the results of the Tarach-1 well, a second exploratory well, Egole-1, may follow shortly after the completion of Tarach-1.
d) As drilling approaches, ERHC has experienced a surge in interest in farming into Kenya. ERHC is currently in discussions with several interested international E&P companies.
e) The mean estimate of oil prospective unrisked resources for the prospect is 66 million barrels. Mean unrisked prospective resources of all prospects and leads in Block 11A totals 662 million barrels.