Saturday, March 04, 2006 7:18:48 PM
When I posted the spreadsheet I meant to return all original % to what ERHE has rights to (0,30,20,25,15,0,0,15%), except for blck 1 where I've assigned a theoretical value of 50% overlay or 50% of ERHE blck 2 value.
The latest %'s posted by Meridian and all the talk of the 9%, took me by surprise, and quiet frankly I do not know who to believe. Therefore, I believe what will be printed in ink once the PSC is signed. But either way, you can work the PPS values by just inputing new and latest rumoured %'s for individual blcks and you will see that no matter what, the PPS is still way North of current position. Again to Echo what 0il-cowboy said earlier this does not include the up and coming momentum the stock price is sure to see and the future endeavours of the company.
Brez
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