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Thursday, November 20, 2014 1:30:12 PM
Allow me to remind you that if it weren't for Ntephe's "lavish" spending on conferences, we would have NO KENYA.
We are now seeing Nigeria wanting to step out of the JDZ, which goes to show what a disaster the JDZ has become. Total is out. SNP is not exploring. It has become a total quagmire.
The JDZ might very well have tons of elephants, but if Nigeria and STP split ways and the JDZ dissolves, it's questionable if ERHC even gets to keep its rights there. What happens to the JDZ treaty if there's no JDZ?
So EVERY PENNY and MORE that has been paid to Ntephe has been worthwhile if that money resulted in Kenya and Chad.
Your idea of cutting expenses, I think, is just code for "cut Ntephe's salary" or "cut conferences"...
...but those things saved us.
Let's instead concentrate on what is important. What is important is getting the value of this company communicated to the investing class and get the funding necessary.
To do it...we need drilling, a drill date, and resource estimates.
Krombacher
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