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Re: Spec29 post# 261842

Tuesday, 07/17/2012 10:36:17 AM

Tuesday, July 17, 2012 10:36:17 AM

Post# of 362002
If he is correct how do you explain this? I believe these were the original awards but, of course, all of the original JV partners were subsequently replaced.

In Block 2, the ERHC/Devon/Pioneer consortium was awarded 65% interest, which is inclusive of ERHC's 30% signature bonus free interest. The consortium has been designated operator for Block 2.

In Block 3, the ERHC/Devon/Pioneer consortium was awarded 25% interest, which is inclusive of ERHC's 20% signature bonus free interest.

In Block 4, the ERHC/Noble consortium was awarded 60% interest, which is inclusive of ERHC's 25% signature bonus free interest. The consortium has been designated operator for Block 4.