I expect that after a discovery is known, and maybe an appraisal well or two, but maybe not, ERHC will sell part or all of itself to CEPSA. If CEPSA only takes the Kenyan property, the remaining will be sold to NGAR for a pittance (that none of us will care about) and Offor will be a strong backer of NGAR.
The last two years have destroyed any future for ERHC, IMO. I believe they know that and I believe that is the exact reason for NGAR.
Take *significant* profit from Kenya and continue on under a new name and with a new CEO. They need that clean start.
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