ERHC Energy Inc (ERHE)

[Lickety Split]

Bay,

They have a ten well using options commitment on the AA. They are spreading out those wells, to each of the blocks including OPL291, and I wouldnt be surprised to see Block 1 get in on an optional well since Addax now has 40 stake. That leaves little room for multiple wells in any one specific area. Im not sure (ignorant), what their flexibility will be to deviate from their stated plans which are approved by the JDA. I believe their best bet would be a ROO to do simultaneous wells in the same or different locations. Since this is a consortium there will be different company pritorites to deal with which may ham string them.

Strass