Replies to post #201471 on ERHC Energy Inc (ERHE)

[TopShelf]

Very nice. em

[ponzi_implosion]

Using your numbers Tapco1 for Blk 4 costs

at $20,000,000 each, or $40,000,000 total then ERHE's 19.5% carried share of expenses is about $7.8 million

I'm not sure how you came up with DANAs $6 million expense based on a 10% interest.

According to what I've been able to decipher, I think that the interest on the carried costs is between 6-10% but I'm not exactly sure on that. At 6% the annual interest cost on 40 million is at least $2.4 million per year, at 10% its about $4 million per year, depending on how the interest is compounded.

Does anyone know if the carried costs for all the blocks are 'blended'? Another way of asking the question is; Does the oil / profit from a sucessful well in one Addax / Sino block go to pay back the costs of a duster in Addax Sino another block?

Regards
P

[rtinvestr]

Well thought.

And researched.

And presented.

Thanks

[Krombacher]

Exemplary. And quick, the entire Dana Gas "spook" debunked before even the Monday open.

Krombacher

[walldog0]

Tapco1...excellent post....em