"enhance the company's balance sheet and better position ERHC to take advantage of merger and acquisition interest, particularly in the event of exploration success on any of its assets."
There it is again. "Surge of interest" is an interesting comment too.
I found this of great interest b) PGS' integrated analysis included well analysis, seismic interpretation and quantitative seismic interpretation of the large exploration dataset. This dataset is composed of a 3D seismic survey that has been recently reprocessed through a pre-stack time migration sequence and eight wells that encountered hydrocarbons within the study area (including three wells in JDZ Block 1 in which ERHC does not have an interest).
c) The key elements of a working petroleum system are proven to occur within the study area from the available well data.
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