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midtieroil

05/28/17 3:44 PM

#323786 RE: emdyal #323784

No, the point is that that there are hundreds of high potential prospects around the world so a company like CEPSA does not need to break the law in order to farm into another one. They also don't need to partner with a company that has already stiffed them once and that has no money and no technical experience to offer. Especially when CEPSA has the option of just taking the whole Kenya block at will.

Have you seen anyone else interested in anything ERHC has to offer? Nobody was interested in Chad. They lost it. Nobody has wanted to partner with ERHC in the JDZ for 6 long years. Nobody has wanted to partner with ERHC in the EEZ in the last decade. And nobody else wanted to farm into Kenya either. ERHC tried to farm out some more of that and they couldn't do that either.

So it is just a myth that anything ERHC has will ever be worth a billion dollars. Especially after the last dry hole.

Where are all these companies that should be falling all over themselves to get a piece of what ERHC has? Or maybe what ERHC has just ain't worth much. Or maybe both the market and every oil company in the world is just missing it. NOT.