Replies to post #316397 on ERHC Energy Inc (ERHE)

[tryoty]

Yeah, king nailed it. I had been reading about the Ngamia field in Kenya and can across this...

"• World Class onshore oil discovery in the South Lokichar
Basin in Kenya

• Discovered oil resources of over 600 MM barrels with an
upside of 1.3 BN barrels"

Slide 4:

http://www.africaoilcorp.com/i/pdf/AOI-Corporate-Presentation-April-2016.v3.pdf

So I wanted to know where the estimates started before the first well, Ngamia-1. Slide nine from king's link:

http://www.africaoilcorp.com/i/pdf/CorporatePresentation_Jan_2012.pdf

shows that the Ngamia-1 prospect was estimated at 45M barrels. So they went from a basin opener estimated at 45M barrels to 600M barrels confirmed and a potential upside of 1.3B barrels.

CEPSA/ERHC's Tarach-1 is estimated at 66M barrels for comparison. I found the entire exercise enlightening and interesting.