Replies to post #8450 on ERHC Energy Inc (ERHE)

[Manti]

Here's the math: (at least it adds up...lol)

NBL and PXD will both receive 15% (not 15% of ERHC's 25&30%'s)

This amounts to a 60% carry fee for NBL and 50% for PXD.

ERHE then has 10% left in B4 and 15% left in B2.

The additional bid win in each block was 35% above preferential rights. ERHE receives 10% of that Gratis as payment for making it all happen.

Bottom line.. 10%+.1*35%= 13.5% in B4

15%+.1*35%= 18.5% in B2

I have no more info than any of you....

[Mongo1071]

Does your math still not work out wx_gssr?

Noble...pffffft gone. Devon....whoosh gone. XOM (remember that company, the one with record breaking profits) did'nt bother to bid. Who will be next? any bets?

Mongrel