ERHC Energy Inc (ERHE)

[midtieroil]

The more I look at that CEPSA deal in the other block the more I see what they were trying to do. They got into that block solely for information and they got it. They got to look at all the data for the block, they got to pick the brains of one the most experienced drillers in Kenya, they learned their methodology and their thinking and they did so for almost nothing. Brilliant maneuver on their part. At least Swala got their seismic paid for and CEPSA got their information.

CEPSA's interest was small there. I don't think they ever intended to go to drilling no matter what. They got what they wanted. Information. This nonsense about this block being so much better than that block is pure speculation. The data for resource estimates still isn't complete for our block and it certainly wasn't complete when they bailed. They had no clue about how the two blocks compared when they left. They left because they already got what they wanted.