Gee ponzi..for an "interested" poster you know much about the "fine print" of the PSC's BUT nothing about the JDZ awards or the EEZ rights. I have a guess about you.. ;0) Balance..should you give a complete explanation..bet there will be many more questions.
pi: you've got a lot of homework to do. PSC's have been signed on only 4 of the 6 JDZ blocks where erhe has rights. No time frame can even be WAG'd on ALL of the jdz blocks. The EEZ has not even been divided into blocks yet. ERHE has RIGHTS there, but nothing else yet as it has not progressed. As far as e&P costs go, as long as there is sufficient oil to cover the costs, the formulas are such that the more it costs the more the oil companies make... good luck.
Ponzi read the Ibox above the threads...many links there....that should keep you busy and lessen our annoyance with you......do some reading first....dont expect us to educate you .......BUT YOU PROBABLY KNEW ALL THIS.....happy reading Baz