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Re: ssc post# 7956

Wednesday, 03/30/2016 1:29:46 PM

Wednesday, March 30, 2016 1:29:46 PM

Post# of 18778
$30,000,000.00 x 35%= 10,500,000.00 x 25% after 75% carry =2,625,000.00 ERHC's
portion. IF $30,000,000.00 is accurate for the well cost....that is what the the PSC for drilling 1 well stated, up to $30,000,000.00 .

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