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Wednesday, March 15, 2006 11:37:46 AM
A few things I am curious about:
Sinopec deal with ERHE. How much % does ERHE retain with a carry? How much $ also?
Something not yet discussed: Block 4. ERHE consortium signed for 60% interest. Addax gets 33.3% and pays their share plus 17.7% of ERHE interest. This leave 9% uncovered but in ERHE control. Maybe they deal that to Godsonic like rumored but now it looks like ERHE may get something back in return. I was not expecting anything on that. Who knows, maybe ERHE surprises us and keeps the 9% and pays for that on their own from cash received from Addax and what they may get from Sinopec. Stranger things have happened.
Congrats all,
Strategyone
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