Thanks but what I was looking for was the farm out agreement in 2013 between CEPSA and ERHC. It had been available but now appears to have been removed or blocked. All that shows up is a 404 !
The farm out agreement states that if CEPSA decided that Tarach was viable and they drilled an appraisal well then they would be responsible for 100 % of the cost. But this was to apply only to an appraisal well and not to further exploration wells in 11 A .
This latest 10Q is just part of the con job that Ntephe and Obodulu are trying to pull to give the impression that all additional wells would have a free carry. This is not the case.
IMO the Nigerian boys are continuing with their totally dishonest and criminal smoke screens and snow jobs to keep toxic debt loan sharks on the hook as well as the shareholders.
Another reminder of ERHC intentions. From the same page:
"The Company continues to work with Deloitte Corporate Finance LLC (DCF) on a further farm-down of our interest in the[11A] Block to help raise funds for the company."
It hard not to infer that 11A has value the company wants to tap.
I do not see any value if the exploration well shows no potential.
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