ERHC Energy Inc (ERHE)

[TFA]

when you are doing a valuation, why would you not include future cash flows? This is at the heart of the valuation of a stock or bond. Oil flowing for many years can make those cash flows astronomical.

The indie that was bought out reminds me of one of my business partners who hung up the phone and said,"Well I made $10,000-not bad for a couple of phone calls."

Yes, we are living in a profligate society. In spite of what you might think (or me) no wells have been sunk in block 4--it is still a gamble on the part of Addax--not a sure fire investment at full value.