Replies to post #117095 on ERHC Energy Inc (ERHE)

[tryoty]

They DO have built in time frames...

6.3 Minimum Work Obligation
a) Phase 1 – first 4 years: Contractor shall acquire/procure full 3-D seismic
coverage over the block and drill one well.
b) Phase 2 – next 2 years: Contractor shall drill an additional well.
c) Phase 3 – next 2 years: Contractor shall perform geological and geophysical
and engineering studies. Drilling of any wells is contingent on the results of
the programme.