ERHC Energy Inc (ERHE)

[kingpindg]

ERHC never got an extension on Block 11 because they never requested one. They sold out to Kosmos long before any extension would have been needed.

When Oranto was designated as Operator for Block 3 in a PSC did they get an extension? Apparently, yes, since they completed Phase I in 2015 and only had two years under the PSC to complete Phase II. To get from 2017 to November of 2023 they had to have been granted at least one extension. And since it is doubtful they were given one six year extension, they were likely granted more than one.

So the assumption that Oranto needs to have a “qualified operator” signed on to participate in Block 3 in order to get an extension is not supported by the evidence.



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