ERHC Energy Inc (ERHE)

[farrell90]

Galp has an excellent track record for new discoveries for example the Mopane discovery in Namibia's PEL 83. The Mopane oil field is estimated to be10 billion barrels. Currently several deep pocketed oil company including XOM, CXR, Shell and TOT are reviewing the drilling results to bid on Galp's offer to partner with 40% of the Mopane field and the PEL 83 block which contains several unexplored structures.

https://www.upstreamonline.com/exploration/namibia-showdown-looms-in-battle-for-stake-in-galp-s-crazy-mopane-discovery/2-1-1659797

In addition, they have been very active off the coast of Brazil.

IMO the biggest "problem" Galp has with EEZ block 6 is the energy and expense of the Mopane field. Hopefully when they sign a partner {estimates are as high as 20 billion dollars for 40% of the block} they will focus on EEZ block 6..

Farrell