Everything has a price. If B2 is totally worthless to SNP or anyone else, I'm sure there's someone out there willing to pay *something*.
For example, I would have no problem, even though I am not an oil company or have oil experience or anything, I would have no problem buying the JDZ B2 for $1.00. Who knows, someday it may be a viable discovery when technology improves, so why not buy the entire block for $1.00?
Well, if I'm willing to pay $1.00 then someone with more oil experience surely would be willing to pay $2.00.
And on and on, until you get to an auction price of some kind. The question is how much? Everything has its price, and ERHC needs $5 million a year or so to operate...selling all of B2 for $10 million, is a very low number in my opinion...but even if B2 is a dud ERHC can probably sell it for $10 million at least and that would be a cheap way of raising funds in order to meet its potential.
And who knows maybe they sell it for much much more. No matter what, cash is cash, and it's something ERHC needs.
Krombacher - the above may be wrong.
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