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Re: ssc post# 317634

Friday, 08/26/2016 1:43:08 PM

Friday, August 26, 2016 1:43:08 PM

Post# of 360201
Exactly. Pretending that ERHC is out of the trip zero range because they did a 100 to 1 reverse split is ludicrous. I think the long delay may be because CEPSA is already gone and ERHC is desperately seeking another partner. That scenario is far more likely than this being a discovery.

And just moving to the next exploration phase isn't really a win. ERHC will still be 7 million in debt, with no carry and no way to pay their debt or future drilling costs.