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Thursday, October 31, 2013 1:53:11 PM
- ERHC Energy Inc. is rumored to have selected Compania Espanola de Petroleos SA (CEPSA) as partner for its Block 11A, onshore Kenya. On 6 May 2013, the Houston based company announced that it has signed a letter of intent with an unnamed international oil and gas company for the farm-out of an interest in Block 11A. The tract covers 10,920 sq km in the Lotikipi Basin, south of the border with South Sudan. No well has ever been drilled in the area. A Full Tensor Gravity (FTG) survey is planned for 2013; it will start upon completion of a similar survey over Adamantine Energy Ltd’s Block 11B. ERHC announced the signature of the Production Sharing Contract for Block 11A on 9 July 2012. The current interests are entirely held by ERHC.
Perhaps they havent had time to finalize the partnership or they have multiple offers they are entertaining. Not to mention all the new rules of "engagement" and local employment and enviromental concerns to name a few.
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