ERHC Energy Inc (ERHE)

[balance_builder]

Manti..."Let's just say that blocks 1-5 hold 10 billion barrels, and as has been speculated by some much more knowledgeable than myself, most of it lies in b2 and b4, and so call that 6 billion barrels in our blocks. Between blocks 2 3 4 we're entitled to about 50% of that with FREE carry."

If blocks 2,3 and 4 held equal amounts of oil and combined they held 6 billion barrels...we would be entitled to 990 million barrels. Considerable???? Oh yeah...15.6% of the take. Certainly not 50% of the take.

That same amount of oil (990 million barrels) is about what PXD has for proven. A birth into a midsize oil co overnight with no out of pocket costs to develop. Pretty sweet.

mrogop:are you certain that buyin offers would have to be disclosed to shareholders? Seems B. Morgan reported same in one of his articles that the co never said boo about.