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Post# of 360679
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tryoty

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tryoty

Re: None

Sunday, 05/01/2016 6:17:55 PM

Sunday, May 01, 2016 6:17:55 PM

Post# of 360679
The unrisked estimate for Tarach-1 is 66M barrels.

- Cut that in half

- Multiply ERHC's share by $12 per barrel

- Assume 35M shares outstanding

That alone gets us to $4 per share. What intangible value will the market assign to the remaining 90% of unrisked estimates in the block since it has now been derisked?

If Tarach-1 hits oil this stock will be $10-$20.

People maintain anonymity for a reason and it is rarely noble.

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