ERHC Energy Inc (ERHE)

[ERHClongtimer]

Don't know if you were here before the JDZ bids... but those of us who were, were blown away at the deals that ERHC negotiated with JDZ partners. True, some left, but despite that setback, ERHC came through with the goods, signing up Addax and Sinopec.

With Kenya, ERHC wisely waited it out. Adamantine probably jumped too early to get a partner. Since then (9/17/2012), more tantalizing details have been released on the region by Africa Oil, Tullow, Adamantine itself, and others:

2013/4/29: Time Running Out to Grab Juniors in Kenya Before They Make Huge Gains
2013/4/22: Kenya Block 11b Satellite Review Completed
2013/4/15: Lower Lokhone oil discovery made at Ngamia-1 well in Kenya
2013/4/15: Ngamia-1 Churning 281 Barrels of Oil Daily
2013/4/15: Tullow tests oil in Kenya, finds indications in Ethiopia
2013/2/26: Ngamia-1 oil discovery in Kenya
2013/2/22: Tullow Drills for Ethiopia’s First Oil in Kenyan Extension
2013/2/21: Twiga South-1 well flows 2,800 bopd
(And others I probably have left out....)

So I am glad they have not rushed into a deal. Given ERHC management's past negotiations, I will not be surprised if they come up with a sweetheart deal for Block 11B. With all the chum in the water, one might expect a feeding frenzy. - LT

P.S.: Posted previously, a reminder of the prospectivity of the region: