ERHC Energy Inc (ERHE)

[kingpindg]

Like you, I can only speculate on the happenings with Block 4, but here’s a guess.

Perhaps Sao Tome believed they were covered, legally, by the 2018 tax collection process that was served on ERHC. Perhaps in that process STP told ERHC that they would give them five years to pay the taxes due on Block 11 or they would lose Block 4. When ERHC had not paid the tax by 2023, STP proceeded with their attempt to take back Block 4 but ERHC said, “not so fast”, and issued the caveat emptor.

And, yes, Oranto does have a PSC for Block 3.

https://www.resourcecontracts.org/contract/ocds-591adf-2060430881/view#/pdf

It is highly doubtful that there is a stealth PSC. If there was then that would mean that ERHC and Total completed their deal which would have brought some funding to ERHC, some of which they could have used to pay the Block 11 tax which would have kept STP from trying to pull the block.

Agreed. Please get us to a PSC on Block 4 before the end of September.

And sorry for the delay in responding. It’s been a busy week.

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