ERHC Energy Inc (ERHE)

[kingpindg]

A little more from Galp regarding Block 6 from their conference call. Still won't say if they found oil.

Although the transcript says "indiscernible" when you listen he clearly says "Sao Tome and Principe". Also later in the transcript where it says "some time", the spearker says "Sao Tome". The second link is to the call and you can hear this exchange starting at 35:30.

The next question comes from the line of Raphael Dubois from Société Générale. Please ask your question.

Raphael Dubois

Good afternoon, thank you for taking my questions. The first one is about [indiscernible]. I understand you're still analyzing the results of the drilling. But is there any chance you could already share with us some of what you already know? I guess if you encountered hydrocarbons, you should at least already know that. So, that will be my first question. And then on the dividends to non-controlling interest, I note that it dropped from €110 million to just €1 million in Q2, can you also maybe give us some idea of what it will look like for the next few quarters, is this a drop in Q2, is this something that was planned, is this due to a special skitter of payment to Sinopec or is this because of the Bacalhau spending?

Andy Brown

Okay, can I ask Thore to talk about that?

Thore Ernst Kristiansen

Yes, thank you, Raphael. So, the rig is still on location in some time. So, we are finishing now, very comprehensive data acquisition program that we've had there. And what I can tell you is that yes, we are analyzing the data and I will not conclude anything or communicate anything before we have done a really proper and thorough job there and aligned in the partnership and this is of course, very exciting, it is completely frontier area. So, we need also to be very careful to make sure that we spend enough time, so we really also understand what we have acquired. But I can tell you we have had a big acquisition of data that has been acquired and which we know will use some time to analyze. Thank you.


https://seekingalpha.com/article/4525576-galp-energia-sgps-s-glpef-ceo-andy-brown-on-q2-2022-results-earnings-call-transcript


https://www.galp.com/corp/Portals/0/Recursos/Investidores/2Q_RESULTS_2022/Galp%202Q%202022%20Results%20Presentation.mp3



.