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Re: None

Sunday, 07/09/2006 12:36:20 PM

Sunday, July 09, 2006 12:36:20 PM

Post# of 361667
How much of a better deal did ERHC get when they switched from PXD and NBL to AXC and SNP?


Block 2: ERHC 18.5% with PXD as partner
ERHC 22% with AXC and SNP as partners
= 3.5% difference

Block 4: ERHC 13.5% with NBL as partner
ERHC 17.7% with AXC and SNP as partners
= 4.2% difference

A substantial difference. Enough difference for ERHC to waive goodby to NBL and PXD.

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