ERHC Energy Inc (ERHE)

[Krombacher]

That's a very important post by kingpindg and is very relevant to ERHC.

All this time, we've been talking about the EEZ Block 4 dispute between Kosmos and ERHC.

But years ago, ERHC sold EEZ Block 11. That's ELEVEN. To Kosmos.

100% of that block went to Kosmos, which is why you don't see ERHC mentioned in the article.

However, even though 100% of the block went to Kosmos, ERHC retained a certained upside consideration to that block for any discovery.

I don't know if that "upside" was one of ERHC's up to 15% options or a separate "upside".

But the article is significant because it shows that despite the drop in oil price, Block 11 WILL BE DRILLED THIS YEAR!!

Now, as kingpindg pointed out, when exactly does ERHC get to enjoy the upside? But regardless of at what exact point that is, it will be before the end of the year.

In other words, ERHC WILL COME INTO SOME MONEY IF A DISCOVERY IS MADE IN BLOCK 11 THIS YEAR!!!

Krombacher