ERHC Energy Inc (ERHE)

[manuel06]

Hello Krombacher
I am not sure if this will add some information for your search of Total Energy's drill ships schedule for Namibia and South Africa, but this info is from Africa Oil's third Quarter financials. Also a mention of Kenya.

https://stockhouse.com/news/press-releases/2022/11/14/africa-oil-announces-third-quarter-2022-financial-results-with-record-realised

Management expect the start of the first appraisal program on the Venus light oil and associated gas discovery (Block 2913B, offshore Namibia) in Q1 2023. This program, operated by TotalEnergies, will involve drilling of new appraisal wells and production flow tests to refine remaining uncertainties on reservoir distribution and dynamic behavior. Africa Oil has an indirect interest in this opportunity through its 30.8% shareholding in Impact, which in turn has 20% interest in the block.

The Company has a 20% operated interest in Block 3B/4B offshore South Africa. This block is on trend with Venus and Graff oil discoveries (the Company has no interest in Graff) in the Orange Basin. The application to extend the Block 3B/4B license and to move into the first extension period of 2 years was approved on October 27, 2022. The Company is also continuing its technical studies on Block 3B/4B with the aim of maturing exploration prospects for possible future drilling. The Company and JV Partners are working together to collectively farmout up to 55% gross WI in Block 3B/4B.

In 2021, the Company and its partners initiated a farmout process for Project Oil Kenya. Advanced discussions are on-going with the interested parties. A successful farmout is viewed by the Company as a critical step towards the FID for Project Oil Kenya being achieved over the course of the next year. There is no guarantee that the Company can successfully conclude a farmout to new strategic partner(s) on favorable terms.


manuel06/Baz