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Post# of 362532
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kingpindg

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kingpindg

Re: seek the light post# 324977

Tuesday, 11/21/2017 9:24:12 AM

Tuesday, November 21, 2017 9:24:12 AM

Post# of 362532
The gist...

In June, ERHC agrees to sell Block 4 to Kosmos after a PSC is signed, and receives downpayment from Kosmos. Amount not stated.

In September, the agreement is revised and ERHC agrees to sell B4 to Kosmos by November 30. I guess PSC or not, the article is not clear.

ERHC continues to talk with other companies, saying the agreement with Kosmos was not exclusive.

Kosmos files for arbitration in October to keep ERHC from selling to someone else. ERHC returns downpayment.

Lots of lawyers now involved.


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Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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