ERHC Energy Inc (ERHE)

[david02835]

Maestro, I think that you are right on. When reserves are proven, or strongly probable, the worth of this company will be based on the present value of those reserves being produced at future costs and market values for oil. I don't think this company will ever be strong enough to produce the oil or be an active partner in doing so. I think our money will be made selling our rights to an operator as opposed to waiting the years to get to production and establishing a P/E. I admire the projections of our worthy friends on this board but I think it premature to guess at PPS based on unknown reserves and the difficulty of projecting future values for oil, which could be as high as $100 pb (forget the $50 and $60 range according to many experts). This just my humble opinion.