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RUBY1100

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RUBY1100

Re: Spec29 post# 38752

Saturday, 04/01/2006 10:05:52 AM

Saturday, April 01, 2006 10:05:52 AM

Post# of 362621
Spec Thnaks for this clarification

Waiting on CVX to Confirm the rumors already

"Fellas, I think Meridian's $2 to $3 dollar...

valuation is based on the original expected reserves in blocks 2, 3 and 4. He's not basing his numbers on a Ghawar sized field. Management's original valuation of ERHE's shares was $2 to $3. The current thought is a "possible" valuation of around $9."




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