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Re: None

Saturday, 03/11/2006 11:31:18 AM

Saturday, March 11, 2006 11:31:18 AM

Post# of 361528
*IF* rumors are true, ERHE will split, but not a reverse.

If Chevron's hit is Kazakstan big as rumored, and the formations in the other blocks are equally rich, ERHE will control many billions of barrels.

As a general rule (very general) market caps of oilco's run 10X their reserves... 4bbl reserves = $40B cap.

ERHE may split down the road, but it won't be a reverse, IMO.

(Yeah, I know, there are about 20 "if's" in there)

ERHC's share of JDZ oil; 1 billion barrels. Once proven, ERHE will be $10+. All we need is time and patience.

Nuf said.