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emdyal

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emdyal

Re: None

Thursday, 01/08/2015 3:41:39 PM

Thursday, January 08, 2015 3:41:39 PM

Post# of 362774
Dan- " ERHC's carry would cover only ERHC's proportionate share (35%) of expenses. So multiply the cost of the seismic by 0.35 to get the amount covered by the carry."

The 20.5 million cap on the carry only applies to ERHC's .35 share of the post farm in agreement and NOT a cap on what they spend for their own .55 responsibility ! Will need to spin those numbers but I did have that seriously screwed in my own mind ? Phew I had myself worried .lol

Sorry if all this caused any undue angst !

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