I don't think its that hard to comprehend, I think Kenney is clearly stating that it cost SNP $300 million to drill the first phase, ERHC didn't pay anything, ERHC has 17% of the 3 blocks and would have been responsible for $51 million of that $300 million. If SNP decides to drill another 5 wells and spend another $300 million in the future, its worth another $51 million to ERHC that ERHC wouldn't have to pay for, sure eventually it would come out of ERHC's cost oil, but I'll worry about them finding oil first.
Market Data 
Markets 
AI
