Replies to post #355004 on ERHC Energy Inc (ERHE)

[Krombacher]

IF this is ERHC, then we are so freakin' GOLDEN.

But even if it is NOT ERHC...we're still talking about a non-ERHC block in the JDZ and EEZ...so if the surrounding blocks are worth this much...so too, it must stand to reason, ERHC's blocks are also worth nearly that much.

Krombacher

[ssc]

Interesting find. At first glance, a couple of questions jump out, hopefully someone will take a crack at answering them:

1) Does anyone think any of the blocks mentioned are erhc's blocks? If yes, please share how that conclusion was arrived at.

2) How did you conclude that 3D seismic data was available for the block being offered in the STP?

[kingpindg]

Nice find, Krom, but recall that while not yet confirmed to be involved in Block 4, Total is the operator of EEZ Block 1.

However, Total is a deep-pocketed super major that doesn’t need anybody’s help to bring a block to first oil. Oranto, on the other hand, needs all the help they can get and they’ve been looking for partners for years. And, yes, they are the operator of record for blocks in the JDZ, EEZ and Namibia, so I believe these offerings come from Oranto.

But, as you say, if their JDZ and EEZ valuations are accurate, that would be a positive for ERHC.




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[RKT989]

Could be Kosmos?

[Tamtam]

Good and interesting read,thanks Krom