ERHC Energy Inc (ERHE)

[Strategyone]

Balance,

I thought that the official Operator of the block had first choice of picking up the percentage available. If they didn't want the whole amount, it then goes to each remaining participant proportional to their holding as you stated. I am pretty sure this is what happened to ERHE a while back when we actually went to arbitration with Addax for our 'proportionate' amount of block 4 (if I recall correctly). The arbitration when in addax's favor.