ERHC Energy Inc (ERHE)

[Krombacher]

Timeline...

...so what are we talking about here then? 3 years to come up with seismics and a partner and approx. $25 million via farm ins and what not.

Will ERHC's share price rise immediately with an announcement of a partner in Chad? (I would think so, since a partner probably means ERHC won't lose its $5 million investment in this 3 year contract, reducing risk.)

Or will investors want to wait 3 years to at least see whether the seismics are any good?

Or if seismics are done much sooner, will positive seismics stoke investor demand in ERHC?

Certainly no one will want to invest due to Chad without seismic results, right?

On the other hand, the NSAI presumably relied on seismics, right? So much for that in the JDZ. Will Chad be any different? Maybe no one will care about the seismics, and opt instead to wait for drilling?

Then you are definitely talking 3 years before Chad does anything to our share price, right?

Also, if Energem already did the seismics, can ERHC benefit from prior work done and, therefore, speed up the process?

Krombacher - the above are mostly questions, indicating that I have no clue. Hence, the above may be wrong.