ERHC Energy Inc (ERHE)

[Krombacher]

I can do year. Not month or quarter.

Basically, after reading the 400+ page court document it begins to become apparent that all parties, i.e. Kosmos, Total and Erhc have a sense of urgency. In fact, Kosmos seems to want to claim that the delays have harmed Kosmos because "time is of the essence"... Google that phrase and you'll see what I'm talking about.

Why then is the passage of time so critical?

I think it has to do with imminent drilling in other blocks in the EEZ.
If other drilling finds oil, then ERHC's blocks become that much more valuable.

The 400+ page document does seem to allude to this in the deposition section.

Hence, if drilling by Shell and Galp really is to occur in 2020, then the deal with Total must occur at least shortly before any discovery happens.

So if drilling in 2020 is still true... the deal MUST happen this year.

That's why I posted the probability of each month being the month of announcement. By the time we get to December, if an announcement hasn't been made by then... then 100% chance it'll be made in that month.

50% chance in November.

33% chance in October

And so on.

So it'll be this year. I'm very confident of that in light of everything I've read. My only hedge is if Galp or Shell decide to postpone drilling.

Krombacher