Wednesday, December 11, 2013 11:56:38 PM
Us shareholders are ready for some "respect" and hope the new partner gives us that!
Despite what is being claimed on the chatboard, Mr. Van Mechelen NEVER stated that the rift basin in our block is “large.” He merely said it extends into our block to a larger extent than expected.
This is a good thing. What would be the alternative? That is NOT extend into our block as much as expected? I suppose these anonymous online “experts” would think that is fantastic?
We won’t comment on rumors or speculation, and we will not disclose the name of the proposed farm-in partner unless and until we secure consent from the government of Kenya as doing so would violate the terms of the agreement. I can say that it is a well known and respected international company involved in all facets of oil and gas both upstream and downstream.
I appreciate your feedback regarding clarity in how we describe things. As you indicated, ERHC’s small office is truly "international" and sometimes quotes aren’t as clear as they should be. The example you gave is from Mr. van Mechelen, who is Dutch, and I have to admit that I don’t usually tinker with the technical information he provides because some of it is beyond me. But that’s on me to police and I’ll work harder at it.
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