Back in the Day, ERHE got $50 million for selling off 23.5 basis points of their 125 basis located in the JDZ.
That worked out to about $2,127,660.00 per JDZ basis point.
Today, ERHE still controls 125 basis points in the JDZ and News reports state they they can pick up to 60 basis points in two of the JDZ block 2, 3 or 4.
That additional JDZ basis points would equal 200 basis points valued at over $425,532,000 millions at the 2005 pricing.
If ERHE could retain a 5% Free Carry in their 6 blocks, plus a 5% Free Carry in Totals 3 JDZ blocks and ERHE sells off the balance of their JDZ basis points to Total Fina for about 50% of the 2005 JDZ basis point valuation, ERHE could receive about $165 million in cash.
With a 5% Free Carry, much does one think ERHE could be worth Partnering with Total Fina in 10 deepwater that Total Fina Operates?
Please conduct your own research incase I am Mistaken
Sneak-attack
