InvestorsHub Logo
Followers 54
Posts 11634
Boards Moderated 0
Alias Born 12/08/2004

Re: ssc post# 9283

Saturday, 07/23/2016 5:45:35 PM

Saturday, July 23, 2016 5:45:35 PM

Post# of 18778
Do you even know what a "carry" is? CEPSA wouldn't be paying ERHC's way, they will be "loaning" the drilling costs to ERHC and recouping that loan, with interest, through cost oil. ERHC will be forfeiting whatever amount of oil is required to pay back the drilling costs.

CEPSA took the risk with Tarach-1 to gain entry into Kenya. If the results warrant more drilling CEPSA will be taking ZERO risk to carry ERHC.

Some of the garbage that gets posted here is unbelievable.

People maintain anonymity for a reason and it is rarely noble.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.