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Re: majicathome post# 108298

Thursday, 09/20/2007 4:03:26 PM

Thursday, September 20, 2007 4:03:26 PM

Post# of 362138
Magic...the best news in a long while - IMO better than the resignation of EO as Chairman of the Board.

Let's pause for a moment to let this sink in.

Prior to today we thought this additional 9% interest in Block 4 would be divided between ERHE and Addax for continuing to have this added 9% interest fully carried - just like was done when the first contracts were negotiated. BUT the webpage indicates we are at the full 9% (17.7% + 9% = 26.7% total) without giving up any % for full carry! THis adds much, much more value for us. Way to go ERHE mgt!

Can hardly wait for the drilling to begin in less than a year!


dat's formula for success -
Rise early, work hard, STRIKE OIL!
(borrowed from a post about a week ago - author is annonymous)
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