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kobiashi2000

03/25/06 12:48 PM

#36474 RE: trade2much #36468

ERHC gets there cash 10 days from the PSC signings, so we got our cash last week. However, the JDA gives the PSC parties 30 days to pay the JDA the sig bonuses after the pscs were signed, that is the 3/24-3/25 date. Our agreements with our partners is separate from the agreements that the winners of each block signed with the JDA, and is not related to the the JDA receiving the sig bonuses 30 days later. We got our cash last week.