Farming out EEZ and Chad.
Just the fact that they're talking to people means that those people have an interest in the EEZ and Chad. So when there's an interest and no deal, that can only mean that someone didn't like one or more of the terms to cut the deal...and that could very well be something like the price or the percentages farmed out, etc.
ERHC will find the right terms, imo. And when they do they'll have the cash they need.
The only part of the update that had to do with financing was farming out...and no mention of more CDs.
Deloitte has also been working on this...and we know that Deloitte's role is for farming out and not throwing out the CEO or restructuring the company as some have claimed.
Krombacher
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