ERHC Energy Inc (ERHE)

[Strategyone]

The irony is that even if Addax over pays for the exploration costs, it will come back to them directly from production. Indirectly, STP and Nigeria are the ones who pay the extra expense of the drill ships.

Before everyone jumps up and down and gets all mad at Addax, they still have to be able to cash flow the exploration until development so it does have some effect on them.

GLTA