ERHC Energy Inc (ERHE)

[tryoty]

Yeah, we could get to 10 CENTS!!! Right?

Even middy admits $10 is possible if the *block* is successful. That means as many as another dozen wells and a couple of years. How much of ERHE's share will they have to part with for a full carry? Remember, carry is a *loan* that gets paid back from cost oil, and they pay interest on that loan. If Tarach is a success, CEPSA should offor a carry for a reasonably small part of ERHC's share.

No, that's no wishful thinking. ERHC will already be paying interest on that loan. Any percentage they have to give is simply incentive to provide the loan.

Who knows, maybe ERHC sell a few percent to Offor for direct financing.

The point is, once there is oil, there are 100's of ways to finance development.