ERHC Energy Inc (ERHE)

[Krombacher]

Baz,

A good way to go about this is to look at the lease term of 300 days on these ships and then compare that to the days scheduled for Namibia and South Africa.

Upon closer inspection it appears they've scheduled/ leased these two ships for far longer than is needed for the stated drilling activity.

So why such long leases? I don't see other ships that have leases that long ... even multi year production campaigns have their ships replaced by platforms.

Something is up, in my opinion, because it doesn't all add up on face value.

Krombacher