ERHC Energy Inc (ERHE)

[kingpindg]

Regarding drilling in Block 4 by March 2025, the available information is a PSC that gives Shell four years to complete an Environmental Impact Assessment and, basically, do nothing else if they so choose. And then another two years to drill an exploration well.

If I've learned anything from this investment, it's that nothing happens quickly in the oil patch and, unless a company has something they know is worth going after (e.g. a Namibia), they tend to take all the time they have available to accomplish the required work.

Of course I would be thrilled with drilling by March 2025, as long as ERHC is involved. I'm just very doubtful that it will happen.


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