ERHC Energy Inc (ERHE)

[Opus X]

...........Or because the Total/ERHE Assignment Agreement (AA) has not been executed until the scope and pricing of the extended AA has been finalized pending the spudding of EEZ block 6. Until that time, moving forward with PSC would serve no purpose. Especially since it is clear that the ownership of EEZ block four is 100%.

because.................

............................
.The sole arbitrator had on August 15, 2018, rendered a partial award (“Partial Award”) which held that as of the date of the Agreement and Deed, ERHC Energy Inc. is and was the legal and beneficial owner of a 100% working interest in Block 4 of the Exclusive Economic Zone, offshore Sao Tome and Principe. The Partial Award also upheld the foreign multinational’s rights and interests by virtue of the Agreement and Deed as valid and enforceable.

4.The Partial Award was upheld by, and constituted into, the judgment of the High Court of Justice of England and Wales on January 4, 2019.

5.The Final Award, which has just been delivered in 2021, upheld the withdrawal of all other claims in the matter, made orders as to the sharing of costs between the Parties and ends the matter with finality.

Time will tell.......

Personally, I feel very fortunate for myself and others to be in a position to at least have an opportunity to be financially rewarded if this scenario plays out. We are in the game.

I feel bad for those who have been participating in this experience for so long and they don't have any skin in the game one way or the other. The shorts they played their hand at least. But those that have been here sooo long and have no opportunity to participate in the final outcome.........wow....

Opus X