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tryoty

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tryoty

Re: emdyal post# 9782

Wednesday, 08/17/2016 7:39:26 AM

Wednesday, August 17, 2016 7:39:26 AM

Post# of 18778
See the last sentence on page 19...

https://www.sec.gov/Archives/edgar/data/799235/000114036116076712/form10q.htm

CEPSA wanted ERHC to have skin in the game for the first well. If successful, CEPSA knew it would recoup all future carried costs and agreed to fully carry ERHC going forward. That's the way I read it.

So what's to negotiate? IMO, give up a little more of the block for cash to pay down all debt and keep the lights on.

Bye-bye toxic notes... ERHC may be able to pay back the debt before conversion.

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

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