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2IRAs

12/10/13 8:57 PM

#283021 RE: chrislongshot #283020

Other than the fact that the poster has previously given us information from from his very costly journal before, and the information eventually proved to be correct, no. So for me, he is an A+ source giving us information from his A+ source. He even posted that ERHC will remain with 35%, which is pretty cool. Take that and the fact that ERHC said we will get a "carry", that will be great provided they find some oil because, that is what I am waiting for, the results of the search, good or bad.

Here is what ERHC said: "The proposed farm-out agreement includes a carry and other considerations."

Carry, to me, means at least 1 hole carried and probably more. Possibly to production, I'd think. If true, this would greatly limit needed dilution. That's what they got last time, not guarantee they get it this time, but our purported partner can certainly afford it.