ERHC Energy Inc (ERHE)

[Minnesinger]

Upon first read I shared your concern...

Unfortunately, the timing of this news has me concerned for the general health of the farm-out negotiations. But it's good to see ERHC is pressing ahead in order to secure the best deal possible, either with the current party or someone else.

But with further reflection, could FTGs of 11A be a required condition prior to a definitive agreement with the LOI partner?

Someone recently posted a map of the Kenyan blocks that showed 11A in between the mapped discovery zones and "closeology" certainly appeared pertinent. Is it likely the LOI partner is willing to pay a greater premium with completed FTGs of 11A? In other words, if the FTGs are less than favorable the LOI partner can walk away with no cost; if favorable, they'll pay for expenses plus a premium (relative to an unmapped zone) on top.

Thinking out loud...