ERHC Energy Inc (ERHE)

[manuel06]

they were awarded 100% of the block ,then STP took their 15% National rights leaving 85% minus the 5% circle oil decided to take as a 5% carry instead of cash for finders fee on the property or for introducing Peter Thuo to ERHC.....not sure which one....but Circle decided to keep a 5% carry.
PS...some PSC's allow for a further%(10-15) National back-in rights after declaration of commerciality.
This has always been known information.