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Re: oldoil post# 314316

Thursday, 02/25/2016 11:16:19 AM

Thursday, February 25, 2016 11:16:19 AM

Post# of 363208
Are you guaranteeing that ERHC will be a party to the drilling in Kenya if they fail to make their required cash calls due to the IRS lien? I think CEPSA will go on with drilling no matter what because their incremental cost without ERHC will be minimal. Actually they may prefer it that way. CEPSA may just end up with the whole enchilada if ERHC can't pay.

I would like to see what the Joint Operating Agreement says about a cash call default by ERHC because that seems like a real possibility to me.