ERHC Eyes Block 11A Farm Out

摘要

Following the farm-out of a 55% interest in onshore block 11A to CEPSA, ERHC is now working with Deloitte Corporate Finance (DCF) on a further farm-down of its interest in the block. The exploration team is making steady progress toward drilling during the current First Additional Phase of exploration. 2D seismic mapping has been completed. To date, over a dozen structural prospects and leads have been identified and supported. The parties' technical team is calculating vol-umetrics for identified prospects and leads in the block, which will help determine the location of the first well.