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midtieroil

04/29/12 10:37 AM

#257226 RE: Julius Erving #257218

I agree that having Total in the JDZ is HUGE plus. But they have no interest in our blocks. How do you propose they get an interest and at what price? Remember too that right now ERHC is 70 million in the hole and will need to repay that out of any production coming from their JDZ blocks. And that number will only grow. So, if we reduce our interest to let Total in, I seriously doubt that they will agree to pay their share of those cost that are ERHC's responsibility. We shall see.
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lovemelongtime

04/29/12 5:31 PM

#257238 RE: Julius Erving #257218

Very good point!