Replies to post #33260 on ERHC Energy Inc (ERHE)

[gary3699]

strategyone, no, ERHC will get another cut of block 2 from sinopec. i expect 22% total for ERHC.

[rocketman61va]

I initially thought that but that didn't make to much sense to me. So I'm thinking that Sinopec and Addax shared the full carry costs together with ERHE keeping around 22% and Sinopec getting 2/3 of 43% or 28.66% and Addax getting 1/3 of 43% or 14.33%. The signature bonus would be of a similar proportion as well as the >$20mm in cash given to ERHE meaning Sinopec gives $13.7mm or so and Addax giving about $6.5 cash and full carry to ERHE. IMHO

[MrTr]

Strategyone I believe they had it figured somewhere between 21.7 and 21.9. My guess is the latter.

We already knew Addax was in the mix in the block just werent sure of the breakdown. Nothing really new there.