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Friday, August 26, 2005 5:17:52 PM
"...The company will pick up cash in one of their block deals that will be added to their current working capital..."
Wow. That is indeed amazing. Not only will ERHE be fully carried for its working interest in the JDZ, but they may even get cash up front? Now that's a novel concept in the deepwater oildrilling & exploration business....no money up front, no money to drill, no money to bring in production and on top of ALL of that you get paid cash up front.
I'd LOVE to see one other example in the whole wide world where that has occured.
Mongrel
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