ERHC Energy Inc (ERHE)

[kingpindg]

Opus, I believe the Block 4 PSC in principle is the PSC that both Kosmos and Total wanted to make changes to per their agreements with ERHC found in the court documents.

As for Block 11, this is all that we were told...

Further value consideration dependent on whether exploration (i) proceeds through seismic to drilling of wells and (ii) results in a commercial discovery and production. (page 48)

https://www.sec.gov/Archives/edgar/data/799235/000114036115045382/form10k.htm


Whether that "value consideration" is milestone payments or royalty payments or something else remains to be seen.



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