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Post# of 18778
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tryoty

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tryoty

Re: None

Tuesday, 07/14/2015 7:42:04 AM

Tuesday, July 14, 2015 7:42:04 AM

Post# of 18778
IMO, there is a deal on the table for a farm-out in the STP-EEZ and it contains a cash component large enough to buy back all outstanding debt and get ERHC through drilling in Kenya and beyond. The only sticking point is the percentage of the farm-out. Again, IMO, Ntephe is playing Chicken with the IOC trying to get them to sign a lower percentage than they are looking for. If I am right, Ntephe will play Chicken all the way up to the Authorized 3B shares and then give up the percentage the IOC wants.

Oh, and Ntephe and Sylvan will continue to buy up shares until then.

People maintain anonymity for a reason and it is rarely noble.

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