ERHC Energy Inc (ERHE)

[Nightdaytrader]

kingpindg, good point. I forgot about Namibia. However, also note that the $100M payment is based on the wells drilled this year. So $100M implies Kosmos believes Shell will hit oil on all the wells they drill (& the percentages from Kosmos).

The Kosmos CEO really messed up. He panicked when oil crashed, selling off lots of good Kosmos assets in Namibia, STP, Suriname, etc, to raise money.

JMHO
ND9