Would someone please post this reply to krom on the other board for me.
Krom .... I understand everything in your post to me. You are not understanding the fact that PN has said the carrys are very valuable, and i am agreeing with him. I would bet Addax and SNP have in their contracts with ERHC that at the very least Addax and SNP have the right to not allow the transfer of those carry rights to another party. Also you can bet that if SNP gets the chance to ditch the expense of the carrys they will certainly take that opportunity.
Also, Ondo does not have a carry on their block 2 JDZ assets or on their EEZ assets. They have had to pay their share of the costs in the block 2 well. Look it up. It was several million dollars.
Ondo does not own all of EEL. They have 78% of it and therefore they have only 78% of EEZ 2 blocks, and only 7% of Jdz Block 2. Of course they may be able to buy the remaining 22% of EEL by the time of the deal with EXILE.
Diversifying can best be done by obtaining assets in other known oil producing areas of Africa, just as they are now doing.
You have said you have experience in M and A, so why don't you realize what the term carry means in the oil patch?
