ERHC Energy Inc (ERHE)

[Julius Erving]

April 2014 discussion with CEO:

So you expect the pace of activity to pick up in Chad?

There is a lot of prospectivity in Chad. In addition to the G&G work that we’ll do, we are working to get the industry and the market excited about Chad through 2014 and the early part of 2015. The work Caracal Energy Inc. has done is impressive and we intend to build on that work as we start doing our own G&G work. Chad is actually a very prospective region for oil production because it is already a producing country. Prospectivity has been well identified, including in Block BDS 2008. There is an export route through the pipeline from Chad through Cameroon to the Port of Kribi on the Gulf of Guinea. The pipeline is underutilized. There is still a lot of capacity. The pipeline passes very near our Block so the tie up will be very easy. Caracal is lifting through the pipeline and their tie up to their Kibea discovery passes at the boundary of BDS 2008. We are very excited about it.

Let's hope this works out too, despite glut oil right now.