Something does not make a whole lot of sense about the time frames offered. I would say Chad and Kenya are both in the same place. They are just getting started. So why is drilling in Chad possible in 2014 while drilling in Kenya is not until 2017. I just have to wonder if the 2017 date for Kenya is too conservative or if the 2014 date for Chad is too optimistic. Which ever is the case, drilling is a long way off.
I have to say that I think the time frames offered were the most important information that was provided in the CC. It was new information. We really got very little new information about anything else inclucing nothing much about how the financing will be structured. I do like the fact that they let the oil guys talk. Sorry but I'd much rather hear from them than from Ntephe.
I do think ERHC was little bit more open than they have been in the past. I understand that they can't give us the financing details until after the shareholders meeting and I am OK with that.
I really think that ERHC has to be more open now. You know why? They want and desperately need our money. They have to realize that we won't give it to them without some honest answers. It is a shame this openness had to wait until they needed something from us.
I'll say again that I think ERHC is now going down the only path they can. Let's see where that path leads.
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