Good News for ERHE possible in coming months
Post# of 127
[b]Good News for ERHE possible in coming months[/b]
There are many potential news events that could occur at any time over the next 2 years. Some possible in the coming months.
Each has a potential to move the ERHE share price as would just new investors learning about ERHE based upon the existing improved prospects and good news.
[b]Here is a partial list. [/b]
1. New exploration blocks. For example; Niger or Guinea, among others.
2. Signing the EEZ PSCs and setting out the work program.
3. Signing a JV in the EEZ, Kenya, Chad, or one of the possible new blocks.
4. Good results from the initial Gravity/Magnetic and Seismic studies showing good drilling targets.
5. Third party estimates of possible reserves based upon the studies.
6. Other companies reporting seismic results and drilling programs around ERHE blocks in Kenya, Chad, the EEZ, etc.
7. Other companies reporting oil discoveries around ERHE blocks in Kenya, Chad, EEZ, etc. (Twiga South 1, Ngamia-1, Paipai-1 all coming in next couple months with many more wells planned.)
8. ERHC being in a better cash position after the successful Rights Offering fund raise, and able to execute the exploration program in Kenya and Chad, pay ongoing G&A expenses, continue bidding for and possibly acquiring new exploration blocks , continue promoting assets and negotiating with potential Farm-in partners.
9. Advancement of the extension of the Chad-Cameroon pipeline planned along ERHE's two southern blocks which is focus Area I and II of the initial Chad exploration program. Pipelines make even small discoveries commercial, and large discoveries even more profitable.
10. Announcement of a pipeline going through ERHE Kenya Block 11A.
11. ERHC making other successful fund raising progress and strategic alliances.
12. A successful IPO on the AIM or another international exchange based upon the improved circumstances.
13. An attractive buy-out, merger, or strategic alliance based upon the improved circumstances and the growing portfolio of exploration assets.
14. (?)
All are possible at any time, from the coming months to during the next 2 years.
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