Replies to post #110388 on ERHC Energy Inc (ERHE)

[wzebra33]

I do believe they had to share the cost of ob1, they break even or close to.

[Lickety Split]

Pinecat,

XOM paid drilling costs associated with OBO1 ontop of their
other percentage costs for the block. I believe they break about even but make out good with the 2 percent they get once oil is produced.

No risk

Strass