A full carry for all future costs and every well ever drilled in 11A could be worth $100 million or more to ERHC, and in the face of that it carries a market cap less than $3 million?
Either there has been a huge, as in very material, renegotiation which ERHC has failed to disclose to shareholders OR another bogus kaboom effort is underway.
CEPSA certainly wants the "letter of first refusal", if it wasn't in the original draft...Or maybe they don't want ERHE to bring on any other companies... Ask ssc..............or not
That statement has been in the last few filings. It isn't something new.
Whether they are negotiating to give up a little more for cash to right the ship is unknown. They have to sell something, soon, or they will dilute us (and themselves) into oblivion again.
News 
Market Data 
Discover 
AI
