Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/oil/seismic_/erhc-energy-issues-an-update-on-the-companys-progr.shtmlERHC Energy issues an update on the Company's progress
ERHC Energy Inc. has issued an update on the Company's progress.As announced last month, BGP successfully completed the 2D seismic program for Kenya Block 11A
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ERHC Energy Inc. has issued an update on the Company's progress.
◾ As announced last month, BGP successfully completed the 2D seismic program for Kenya Block 11A for the contracting parties. ◾ The seismic program completes the parties' obligations under the first phase of the exploration program and will form the basis for continuation of exploration under the second phase. ◾ Under the second phase of exploration, which lasts a further two years from the end of the first phase, CEPSA Kenya Limited (a wholly owned affiliate of Compañía Española de Petróleos, S.A.U. (CEPSA)) and ERHC are required to either acquire 3D seismic or proceed directly to drilling one exploration well during the additional two-year exploration period.
