ERHC Energy Inc (ERHE)

[ERHClongtimer]

If what happened in Block 11B is any indication, we could hear something this month about the farm-out approval, but note the caveat below.

From Bowleven's Interim Report for 2012, p.11 (their p.8):

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.

http://www.bowleven.com/system/files/uploads/financialdocs/BOW%2018582%20IR12%20Web.pdf

The farm-in agreement was announced on September 17, 2012 by Adamantine. The exact date of the approval in December does not seem to be published. In fact, I can't find any public acknowledgement of the approval prior to March 20, 2013. Maybe Kingpin can come up with something.

In any case, the time span from contract to approval was at the minimum about 2½ months and at most 3½ months. But it seems that Bowleven chose not to make the approval public until March, 2013, three months after the approval was received.

So, good news/bad news... the approval could (or even have) come at any time; but the new mystery operator may choose to keep it quiet for a while. We are at the 2½-month mark now.

For all we know, the approval may have already happened; it just may not have been made public. So no news doesn't necessarily equate to no approval (for those inclined to begin proclaiming the sky is falling).

P.S.: Before anyone starts blaming ERHC for the lack of news flow, keep in mind they may be restricted from releasing any information about the approval, just as it seems Adamantine may have been.

P.S.S.: I will be more than happy to be corrected as to when the Bowleven approval was made public. So Googlers, start your engines.