ERHC Energy Inc (ERHE)

[Southern Man]

Eye on the prize guys... we are still in the game as contorted as it may be
Kenya lock 11A:

The contracting parties plan to spud the first well at the Tarach-1 prospect by the end of the first quarter of 2016.

The Tarach-1 prospect is situated in the central part of the Tarach basin. It is a three-way structural closure trapping against a North - South trending normal fault.

ERHC holds a 35 percent interest in Block 11A.

The mean estimate of oil prospective unrisked resources for the prospect is 65 million barrels.

Mean unrisked prospective resources of all prospects and leads in Block 11A totals 645 million barrels.

This is a tough enviroment, which is beyond their control, just like Sinopec, CEPSA is very strong, this is good judgement by management to be with these partners. Could be worse. If 11 A is as good as we hope money will flow from Offor or someone, CEPSA may give terms even. What 645 million barrels at 40 with 35%? NINE BILLION!! boom 3 bucks a share.