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Wednesday, March 03, 2010 12:51:47 AM
Look at Addax- all the other PROVEN producing prospects (several countries) and skilled employees etc... you cant compare them. I would guess the JDZ asset was 5 t0 10% of the 8 billion and a gamble for them.
Ask yourself IF you had to pay top dollar for ERHC, you would want to know what you are buying. What percentage of ERHC's potential assets have been discovered --- 0 % maybe 10% but we still havent heard have we. Long way to go to discover the entire area.
Have you seen the size of the JDZ blocks>> What is it 160,000 sq kl.! Not to mention EEZ, this area is only just in its Infancy! It takes YEARS and Billions to figure out what is down there in an unexplored area like this.
Bottom line; WHAT is Sir E Offor's price?
We are lucky to have very wealthy partners, count your blessing and HOPE they go on with Phase 2.
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