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Re: kingpindg post# 285483

Saturday, 02/15/2014 9:53:43 PM

Saturday, February 15, 2014 9:53:43 PM

Post# of 362676
King, good eyes. I'd side with your latter assessment and be willing to bet that the omission of Block 4 in the EEZ Operations Update from the 10-Q is an indication ERHC has selected a partner and is in final negotiations. Consequently, it would not be on the "auction block" for negotiations anymore.

My reasoning for this conclusion is based on what is pointed out in this post. Block 4 is no doubt the more attractive of the two blocks, since it has more seismic and is in shallower water. So I would expect it to go first.

Indeed, the news we've heard recently concerning the EEZ has been regarding the lower-numbered blocks. - LT


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