SNP wants to drill again, and they will, so ERHC doesn't want to put its full carry in jeopardy. I don't think its that tough to figure out, the way its been discussed ad nauseam on here for years you would think they were trying to figure out cold fusion or performing brain surgery. lol
For the record, I've never believed in that outrageous conspiracy theory that SNP wants to wait it out for ERHC to run out of cash before they drill again, ERHC has a full carry and never has to pay back a penny if SNP doesn't find anything, ERHC could run out of all its cash, lose its EEZ and Chad rights because it was broke and it would still have its full carry in blks 2,3, 4, SNP would still have to pay for a broke company's exploration and production costs in those blocks, and that is valuable, and worth quite a bit when SNP drills again, the entire conspiracy theory about SNP waiting for ERHC to run out of cash has been complete non-sense like 90% of all the bs that is posted on this board on a daily basis by those who haven't a clue what is really going on, but extremely active imaginations. SNP is just doing what is best for them, and that is waiting as long as they have to before they drill again, and they also want to make sure they have a plan that enables them to find oil this time around, it has nothing to do with trying to squeeze ERHC out of the blocks.
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