All that has happened is the joint venture exists with the court ruling. Theres plenty of water to go under the bridge before any drilling occurs. Why would erh spend more money with a company that wanted to break the JV unlawfully, and was found in court to be doing so. Erh has 3 lawyers on the board, how about, they start the sueing for a change. Get the money back spent or force silver marlin to contribute to drilling costs. To me it feels like a hollow win.
ERH Price at posting:
14.0¢ Sentiment: None Disclosure: Held