ERHC Energy Inc (ERHE)

[Southern Man]

http://www.businessdailyafrica.com/Kenya-oil-viability-to-increase-with-building-of-pipeline-/-/539552/1533902/-/sdv0lt/-/index.html

Pipeline isnt important? a study by Morgan Stanley over 2 years ago, stated discovery size would decrease at least 5 fold and be considered "commercial" by having a pipeline in place.

ERHC investors better hope this is huge, like 600 mill.barrels or more. Otherwise its not commercially viable.

Two years till decision on who and where. They are working on it.
http://www.reuters.com/article/2014/11/05/us-africa-energy-africa-oil-idUSKBN0IP18F20141105

"Morgan Stanley report show that construction of infrastructure connecting the Lamu Port to South Sudan and Ethiopia or Ugandan oil export pipeline would cut back the threshold required to declare the prospective fields commercially viable."

“Management commented that on a standalone basis, a series of discoveries in the Lokichar basin will require 400-500 million barrels (mmbbl) to be commercially viable. However, were either the Ugandan export pipeline or South Sudan Lappsett’s pipeline to be built, the commercial threshold would drop substantially to 70-100mmbbl,” reads the report.