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midtieroil

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midtieroil

Re: Southern Man post# 318059

Monday, 10/03/2016 10:08:40 AM

Monday, October 03, 2016 10:08:40 AM

Post# of 361171
Why would CEPSA want to move forward with ERHC in tow? As far as we know ERHC has not paid for the last well, can't pay for the next well, doesn't have the cash to pay overhead while waiting for the next well and has an IRS lien on their assets. Why would any company want them as a partner?

CEPSA may want to move on. But I doubt they want to do it carrying ERHC every step of the way.

My guess is that the delay has more to do with how to get rid of ERHC than anything else. The other issues are clear cut. The ERHC issue is not.
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