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midtieroil

06/17/16 8:18 AM

#316639 RE: tryoty #316638

A sale of the other EEZ block likely won't net any more than the first block they sold. Then all they will have left is a Kenya block with a failed well, 3 JDZ blocks with 5 failed wells and Chad that nobody seems to want to farm into. I just don't know where they go from here.

If the reports on Tarach are true the best we can hope for is that the well at least had oil shows. That may be positive enough for CEPSA to to try one more well. If not, they very well could walk away leaving ERHC with no partner anywhere. I just don't see how they survive that.