ERHC Energy Inc (ERHE)

[Southern Man]

"The List"
http://wiki.openoil.net/index.php?title=Overview_of_Kenya's_Exploration_Blocks

Bowleven's recent post: 11b
Ongoing Exploration effort:
Kenya
- Acreage secured onshore north west Kenya (50% gross, 35% eff. interest
acquired in block 11B).

- Strategic new venture arrangement entered into with First Oil.

- Full tensor gravity gradiometry (FTG) survey over 11B has identified numerous entire or part basins on acreage.

- Seismic tender process underway.

In East Africa, it is clear that onshore Kenya is rapidly moving towards becoming a major hydrocarbon province. The rate of activity is increasing apace with companies such as Tullow Oil and Africa Oil leading the charge. The initial results of our geophysical work are
very encouraging and we are in a strong position to exploit the potential alongside our partners Adamantine and First Oil.

Kenya – Block 11B (Bowleven effective interest 35%, Adamantine 50% and Operator) Bowleven entered into a farm-in agreement to acquire a 50% equity interest in Kenya onshore exploration block 11B from Adamantine in September 2012. Formal confirmation of the assignment to Bowleven from Adamantine was obtained in December 2012 from the
Kenyan authorities. Block 11B is located in the Turkana District of north-west Kenya and encompasses an area of approximately 14,000 km² covering the Loeli, Lotikipi, Gatome and
South Gatome basins.

Exploration activity on block 11B is underway. The initial two year exploration work programme includes an airborne geophysical survey and the acquisition of 2D seismic. The estimated cost of this initial work programme is $10 million with $9 million funded via the
strategic partnership between First Oil and Bowleven now activated for early stage exploration in East Africa.

Initial results from the airborne geophysical survey (FTG) being acquired over the entire block are very encouraging and indicate the presence of several basins. Planning for seismic operations and the associated tender process for the acquisition of 2D seismic are underway. The FTG results will be integral in planning the 2D seismic campaign.

Meanwhile following successful early exploration drilling by other operators, industry focus on Kenya is intensifying with multi-well drilling campaigns underway and planned in the region. The East African Rift System has been highlighted as one of the few underexplored onshore, conventional, oil plays remaining globally.