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midtieroil

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midtieroil

Re: Gremlin9999 post# 15316

Friday, 06/15/2018 1:58:48 PM

Friday, June 15, 2018 1:58:48 PM

Post# of 18778
Many times, yes. I don't believe CEPSA bailed for no good reason after the dry hole. According to the JOA, CEPSA could have taken the entire block from ERHC because ERHC did not pay what was owed. They elected to leave instead after spending 10's of millions of dollars in the block. Why do you believe they did that after analyzing all the drilling data?

Also do you have any confirmation from ERHC or Kenya that ERHC retains an interest in the block after failing to meet its financial obligations? I haven't seen it and apparently nobody else has either.
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