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Saturday, January 26, 2008 5:29:08 PM
outside of the JDZ that had been formally awarded to ERHE.
Let me rephrase my question.
What is your best guess when any and or all of ERHE's JDZ Blocks will begin full production?
What is your best guess as to the full cost to bring that production (one blocks / all the JDZ blocks) on line?
I know that you noted in a prior post that ERHE has a 'full carry' so you are not concerned. I find that logic hard to follow, as the more money that is spent to bring prodution on line, the less that there will be in profits for all parties.
Further, as I understand the 'full carry' fine print, ERHE will pay interest on the 'carried costs' so the cost to bring production on line has a sort of double impact on the ultimate benefit to ERHE shareholders, as does the time frame. The longer it takes for full production, the more interest accrues.
Thank you for your thoughtful response and for pointing out ERHE's other potential future block interests.
P
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