Friday, October 31, 2014 10:36:49 AM
Chad would be Erhc's biggest draw down on cash given its significant monetary commitments. No doubt the ability to pay and possible dilution scare some, but not me.
Now, if Erhc announces a partner in Chad, which brings some carry...that question would be laid to rest and would, no question, be a positive for Erhc....and by extension the share price.
I believe we wouldnt have moved forward without a partner already in the works.
The reason they didnt fast track Chad sooner was because they were busy fast tracking Kenya.
As for oil prices...when elections in the US are over, prices will go back up, in fact that process has already started.
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