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Re: Top Drive post# 38411

Friday, 03/31/2006 8:01:48 PM

Friday, March 31, 2006 8:01:48 PM

Post# of 361526
Top Drive,

The value of proven reserves is $7-10B per billion barrels. If this truely is another Ghawar sized field, then ERHE will be in control of 5-8 bbl.

$70 a share may sound looney tune nutty, but is is entirely possible *IF* a huge find is down there.

The likely hood of *that* is very, very small.

But if it is...

1.) Joe will jump for sure!

2.) and I will walk around babbling incoherently.

Speculation is fun, ESPECIALLY on the high side!

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

Nuf said.