bankruptcy would be bad for SEO and Friends as they would lose control of the assets.
The ball is in SEO and Friends Court and by giving a sizable amount of revenue from OML40 in exchange for 45% of ERHE's assets and stock could make ERHE a takeover target for Eland Oil.
ERHE is worth more as part of Eland Oil or as stand alone on a different exchange (LSE).
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