ERHE's Kenyan Oil block is hardly a blank canvas!
It's already been decided that an oil pipeline will run through it!
And I might add that its value has been going up with the discoveries at Twiga and Ngami.
You mentioned earlier that ERHE paid only a few hundred thousand for this block...and that was before Twiga and Ngami.
Wow. How insightful was it for ERHE to pick a block just before major discoveries were made in the vicinity?
Oh, right. ERHE was not that insightful, because it got Peter Thuo. Thuo worked for Kenya's oil company...and I think he knew a thing or two about Kenya's block. Hardly a blank canvas.
And it's the last one before any new block with the new onerous regulations come along...
...that makes ERHE's block quite rare, doesn't it? And we all know what happens when a desirable but rare asset exists...it becomes priceless...
...soon we will learn the outcome of this LOI and just how priceless our multi-national oil company, which has oil wells on several continents around the world, think ERHE's block is worth...
...they may even purchase some of ERHE just to get a piece of it!!!
Krombacher
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