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arnim-v-b

11/07/13 7:45 PM

#281102 RE: DegenerateGambler #281101

DeGen...could not act
Arnim van b

midtieroil

11/07/13 8:00 PM

#281103 RE: DegenerateGambler #281101

Sorry but the thought that a block is awarded at a conference is absurd. Might ERHC have found out about the Kenyan blocks being available for award at a conference. Maybe. Might Kenya have met Ntephe or some other ERHC employee at a conference. Maybe. But the thought the something like a block award would happen in its entirely at some conference is the most ridiculous thing I have heard in a long time. Blocks are awarded after months of negotiations, due diligence on both sides and decision making. They are not passed out at conferences in a little goody bag.

I happen to know for a fact that Camac had the first option on the block ERHC eventually got. After Camac decided they no longer wanted that block and opted for some blocks offshore Kenya instead to diversify between onshore and offshore, ERHC was able to secure the block. NONE of this happened at a conference. So, believe whoever or whatever you want, but that information came directly from Camac. Maybe the people at Camac are not being truthful, but I think they are. Feel free to call them and find out for yourself. I did.

All Kenya ever said is they went to conferences and presented their opportunity to a roomful of people. Some followed up on it and others did not. That's the way it works. They awarded no blocks at any conference and anyone that says otherwise is wrong. That has NEVER happened it likely will NEVER happen.

By the way, if ERHC or any other oil company doesn't already know every country in Africa that has blocks available then they are not doing their job. People in the industry know how to find that out in a matter of minutes. It ain't that hard.

Conferences are fine for doing some networking but very little actual business takes place. That happens elsewhere.

kingpindg

11/07/13 8:04 PM

#281105 RE: DegenerateGambler #281101

Since you are asking...


I do not believe that ERHC was awarded Block 11A because they attended one conference or another, and I do not recall seeing any evidence that this was the case. I believe they got the block just how they said they did...with help from Circle Oil and Dr. Thuo. That, and being next in line when Camac decided to give the block back as Kenyan officials have said that Kenya was awarding blocks on a first-come, first-served basis at the time.

That is not to say that I think that ERHC's partcipation at conferences is not worthwhile and I agree with (I think it was) Southern Man's earlier post on the subject.

oil-cowboy

11/07/13 8:26 PM

#281106 RE: DegenerateGambler #281101

Tough question. Its a no brainier tho that the conferences are beneficial and have created important connections in the past.

If I were Dr Thuo..... I sure would like to have a partner to tout at the upcoming African conference.

Damn, I can't wait to finally hear that announcement!