From Nov 2015 shareholder update
2. Kenya Block 11A
a) The Tarach-1 well is expected to spud at the end of the first quarter of 2016. The prospect is defined by four 2D seismic lines out of the 2014 survey. The structural trap is a 3-way dip closure against a north-south normal fault plane at 1,426 mMD (-954m TVDSS) and covering a surface area of 12 sq.km. The vertical closure is calculated at 220 meters at the P10 closing contour.
b) The contracting parties, led by CEPSA (the operating partner), have awarded drilling service contracts following the requisite tenders, and logistics operations toward drilling have begun.
c) Contingent upon the results of the Tarach-1 well, a second exploratory well, Egole-1, may follow shortly after the completion of Tarach-1.
d) As drilling approaches, ERHC has experienced a surge in interest in farming into Kenya. ERHC is currently in discussions with several interested international E&P companies.
e) The mean estimate of oil prospective unrisked resources for the prospect is 66 million barrels. Mean unrisked prospective resources of all prospects and leads in Block 11A totals 662 million barrels.
f) ERHC holds a 35 percent interest in Block 11A.
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