ERHC Energy Inc (ERHE)

[doug c]

High bidder who is SELECTED gets operatorship and allocated %'s are pro-rated to other successful bidders. JDA makes sure though operator has the financial and technical ability to be operator. Pretty sire this is how it works or is supposed to work.

This is one of the reasons I believe Anadarko was so pissed-If I remember correctly, their $90 Million bid in I think blk 4 was high bid but they didn't get operatorship. Maybe someone can confirm the facts. My memory isn't what it used to be.