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Re: seek the light post# 243131

Wednesday, 07/13/2011 11:51:24 AM

Wednesday, July 13, 2011 11:51:24 AM

Post# of 367105
Seek, they really should clear that up...

as the language is confusing. But, if CPC did not relinquish a portion of the block back to the government, then how could ERHC get a portion from the government. If I recall correctly, the original interests in BCOIII were CPC 70%, Chad 30%. Now that they've discovered oil in the block, Chad is going to give us their 30%, plus take 20% from CPC to give to us. Doesn't make sense.
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