ERHC Energy Inc (ERHE)

[Southern Man]

CEPSA acquires 55% of an exploration block in Kenya
(Only 2 more years till time runs out)

This transaction is another step in the expansion of the Exploration and Production Company. CEPSA takes over operation of the block
This transaction is another step in the expansion of the Exploration and Production Company
CEPSA takes over operation of the block
CEPSA has acquired 55% stake in block exploration onshore in the Turkana region in northwestern Kenya. This is the Block 11A, which the Company assumes the role of operator. The company ERHC based in the United States and the national oil company of Kenya (NOCK) the remaining interest will be distributed with 35% and 10% respectively.

CEPSA acquires 55% of an exploration block in Kenya

The agreement, reached after received all necessary approvals from the authorities in Kenya, involves participating in the acquisition of 1,000 kilometers of 2D seismic during the year. Based on the information obtained, CEPSA will continue exploratory work under the commitment to acquire additional seismic or drilling a first well before September 2016.

This acquisition, which is part of the expansion and diversification of the exploration portfolio of CEPSA, marks the entry of the Exploration and Production in East Africa.
http://www.cepsa.com/cepsa/Quienes_somos/Centro_de_Prensa_/Notas_de_Prensa/CEPSA_adquiere_el_55__de_un_bloque_exploratorio_en_Kenia