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Re: Krombacher post# 305394

Friday, 06/19/2015 3:43:52 PM

Friday, June 19, 2015 3:43:52 PM

Post# of 361552
Your math is usually better than that Krom. At this point in time they have 4X the shares out... 3B vs. 750M. A commercial discovery would have launched this to anywhere from $1 to $10 or more if it was huge...

Now 1 cent is the target? I think you've lost it. If things stay as they are right now a 400M barrel find in Kenya is worth 20 cents per share. That assumes ERHC retains 30% and the value of a proven barrel is $16.

You're off by a fator of TWENTY with that "1 cent is the new dollar" slogan.

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