If you look at the LinkedIn profile of Michael Shafie, ERHC's geophysicist, you'll see that he left ERHC in 2012, back when ERHC was struggling with money and went to work for Shell International E&P for a year, and then came back to work for ERHC Energy, and obviously ERHC had the revenue to cover his payroll as we know from PPP funding. He's been working for ERHC to present day.
It makes logical and speculative sense that he would be on and possibly even head a speculative ERHC/Shell joint task force at ERHC's offices in Sao Tome for block 4 given that he was an "inside man" at Shell.
This relationship implies that ERHC and Shell are more likely "friendly" and not "adversarial" over block 4.
If ERHC were losing all of its assets by the end of the month, surely ERHC employees would've started looking for other jobs and updated their LinkedIn profile by now to reflect those new job positions. But they're all still working for ERHC... so I guess ERHC doesn't go bankrupt at the end of the month then, huh?
Krombacher
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