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dbernet

08/10/11 5:10 PM

#245046 RE: midtieroil #245039

yes,

I read it that way also. But the real value has yet to be determined, and the agreement does give ERHE a lot of room. And who knows, maybe Offer's connections played a role, and there is more value than one might guess. All I am saying is I like it so far. Would you rather they did not acquire these blocks?

I want more info also, but I never expected more from the company than we have gotten so far, and I never thought we got a producing well, so I am not disappointed. The Blocks are most likely a net plus in my opinion. We will see if we get further info on Friday. Some 2D is done, and it is my hope that we will move quicker than the minimum. I also would have liked tighter deadlines to push performance, but with our cash position it is probably better to have the flexibility.

db