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Re: kingpindg post# 292237

Sunday, 11/02/2014 4:10:38 PM

Sunday, November 02, 2014 4:10:38 PM

Post# of 360718
The most recent estimate for both focus areas that I can find is listed on this slide from ERHC's SeeThruEquity Microcap Investor Conference presentation in November, 2013:



More recently, in their "Presidential Seal of Approval on BDS 2008" press release of April 28, 2014, ERHC again estimated "the un-risked resource potential in the two focus areas in BDS 2008 to be 250 million barrels of oil equivalent (MMBOE)."

Likely, when the analysis of the airborne gravity/magnetic survey done by Bridgeporth is complete, we will get updated information. We are already off to a good start.

I don't know if 250 MMBoe unrisked is enough to attract CEPSA's interest; but hopefully it will be enough to entice a mid-sized company to farm in.

And of course, if the 2-D seismic is compelling enough, ERHC still has the option of farming out another piece of the pie in Block 11A.

And then there is the EEZ.


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