ERHC Energy Inc (ERHE)

[tryoty]

Assuming they get very close to 3B, which seems to be the plan, then the math is 750M to 3B, or a 300% dilution. Looking at it another way, if you thought a $10 share price was possible with 750M shares out, and I was solidly in that groups, then you believed enough oil would be found to justify a 7.5B market cap.

With 3B shares out that means a share price of $2.50 today. We know Chad won't score that big. Most don't think Kenya will score that big, but the EEZ seismic shows very, very large structures. If those structures are oil producing $2-$3 is within reach.

Is it likely? Absolutely not. But it is possible.