ERHC Energy Inc (ERHE)

[Krombacher]

If ERHC has only has a couple of properties, EEZ Block 4 and its blocks in the JDZ...

...and we KNOW for a fact that Total has interest in both EEZ block 4 and has those JDZ blocks (blocks 7 and 8) not owned by ERHC, which are all adjacent to ERHC's blocks...

...and we know that since Total's interest in the EEZ in 2017 there has been NEW seismic done on ERHC's blocks in the JDZ per the "highly confidential" but publicly available (LOL) presentation.

Who paid for this new seismic in the JDZ, which is BOTH 2D AND 3D??? Was it Total? 3D seismic over vast JDZ blocks ain't cheap!

https://static1.squarespace.com/static/5a58ca99e9bfdf9f706cb461/t/5ced47a9e2c48312f1bfab85/1559054263755/5+ERCH+Peter+Ntephe.pdf

That same document tells us that since 2017 there have been NEW PSC's in place in the JDZ as well...

For example, Block 2 - a new PSC in 2017

You simply don't do all of that if you're going bankrupt...

...it's pretty obvious that Total would be interested in all of ERHC's deepwater blocks...

...and the EASIEST way to pick up all those assets is simply to pick up all of ERHC with TOT shares.

Krombacher