ERHC Energy Inc (ERHE)

[kingpindg]

You are certainly free to assume what you want but the problem with your assumtion is that, while Total would certainly be a qualified operator, the Assignment Agreement does not make Total the operator of the block. Heck, it's not even a "completed" Assignment Agreement so it doesn't even make Total an official participant in the block.

And, although the STP/ERHC agreement does not specifically call for a PSC, a PSC would be an agreement between ERHC and Sao Tome and, hopefully, someone else that would designate the Operator as well as the working interest percentages in the block.

But, there is a silver lining to my assumption. If a PSC starts "production" then ERHC should not lose JDZ Block 2 on October 1 because they are a party to a PSC on that block.

As for Oranto, again, yes they do have a PSC on Block 3. For a long time now.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174003361


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