Most agree ERHC has enough cash for waiting it out for five years, if NOTHING happens (either bad or good). IMO, there is little chance that something bad will happen to shorten that time span. However, the is an excellent chance that something good will happen to increase that time span without venturing into "marginal fields" that may be costly and may not be productive enough to give ERHC the aided financial boost. (That is why I am against the marginal fields idea). However, the likelihood of a cash infusion from our EEZ rights is at most a year or two away. Some say SEO could have made a better deal than the one done on the JDZ, but even if that kind of deal is done on the EEZ, ERHC will be VERY cash rich again. An EXTREMELY low estimate for the cash infusion would be 25 million, since our EEZ blocks are two 100%ers and choice blocks at that.
Therefore, IMO, all this talk about needing cash for ERHC to last to production from the JDZ is not meaningful. ERHC WILL be able to last to JDZ production unless it does something stupid and wasteful, such as a marginal field purchase that does not work out to be all that it is supposed to be and drains lots of cash without replenishing the cash in a timely manner. Please NO MARGINAL FIELDS!!!
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