ERHC Energy Inc (ERHE)

[bayfisherii]

Hey Bazil,

I was responding to the numbers presented by JDUBS.

"I read two days ago about CNOOC making a deal for $4.5b to buy 45% of a company that would be online in '08. It didn't say which company. I think it's us. 45% of sharecount into 4.5b by my calculations puts the buy-in @ $8.39pps, perhaps some of you number crunchers can look it over."

He indicates that the deal was $4.5 for 45%. If those numbers are correct then 14.08/share seems to be the buyin price (for that number of shares).

It would seem that would indicate a much higher market share price, maybe as much as 20 to 25% higher. On the open market.

JMHO,

BayFisher2