ERHC Energy Inc (ERHE)

[Southern Man]

NO INVESTMENT HERE,BAD BOY SAYS:

While no one knows for a fact whether there is serious interest...or serious negotiations...going on with our Kenya asset, I speak from experience when I say that we are constantly told that negotiations going on with one asset or another. I am also talking from experience when I say that they never materialize. The proof is there for everyone to see.

WRONG, THEY GOT SINOPEC TO SPEND 100'S OF MILLIONS, NEVER IS THE WRONG DESCRIPTIVE.

Who says that the Kenya asset is drawing serious interest? Is it the same management that told you that the share offering was 'encouraging'? Are you 'encouraged' now that you finally know the results?

KENYA IS THE HOTTEST OIL PLAY IN AFRICA - PERHAPS SEO WAS THE REASON FOR THE EXTENSION AND HE IS GATHERING ADDITIONAL FUNDS.
http://my.firedoglake.com/staffjam/2013/01/16/why-kenya-is-the-hottest-oil-venue-in-africa-interview-with-maxwell-birley/

Is it the same management that said that the JDZ results were 'as expected'. Did that clear things up for investors? Not hardly. Then...later they say that only biogenic gas was found. Was biogenic gas the expected results? It's not what I expected. If that was what SNP expected then they should be doing backflips and drilling for even more of it. Myself...I don't think those results were ever expected. Why they thought we would believe that is beyond me. On the other hand...I guess I have seen what some people believe. I mean, I saw how many people believed the poster who claimed that he could just call up some guy with access to the drill data room on the drill ship...and get info regarding the drill results. I think that was secret source #2. Yes...some people will believe just about anything.

SINOPEC IS THE OPERATOR AND CONTROLS NEW RELEASES... NOT ERHC

So I won't say that I know if there has been serious interest in the Kenya block...how would I know. I am only talking from experience with things that have come from management previously. But based on these things that have come from management...how would you know what is fact...and what is not?

READ THE NEWS

Badog


James Stafford: In terms of exploration what are the ‘sweet spots’ in Kenya?

Maxwell Birley: Definitely the Anza Basin. Currently, the proven sweet spots are in the Tertiary sediments of the rift basins of Uganda and Kenya. More specifically to Kenya in the Lokichar Basin as proven by the Ngamia and Twiga wells by Africa Oil.

These basins form part of the larger East African Rift system. This is a very extensive rift system and many new plays will be discovered in the next few years. The Anza Basin is the largest of these East African rift basins and 10 times the size of Uganda’s Albertine Basin and Kenya’s Lokichar Basin. This rift contains Jurassic, Cretaceous and Tertiary sediments.

Taipan is exploring for oil in the south eastern end of the Anza basin. Located on block 2B we have proven more than 9,500 feet of Tertiary section on the block. From the geochemical modelling we have undertaken we see the same oil source rocks in the Anza Basin that are present in the Lokichar basin, which are highly likely to be mature for oil generation on Block 2B. In addition we also believe that more oil discoveries will be made in the Cretaceous and Jurassic basins if you can find favourable places to drill.