ERHC Energy Inc (ERHE)

[tryoty]

Do the math...

"Bharat Petroleum eyes Tullow Oil’s Kenya Acreage
by OilNews
India’s Bharat Petroleum Corporation (BPCL) is rumoured to be in talks with Tullow oil to acquire 10 percent stake in Blocks 10BB and 13T where the London explorer has discovered over 600 million barrels.

According to India’s energy website khabarindia reports that BPCL could be ready to cough about $2.7 billion giving the resource a valuation of $27 billion.

The new site which quotes an anonymous source says the Indian explorer which has interest in Mozambique could be hoping to ride on the low crude oil prices.

This price is however expected to change with the next resource evaluation expected to place the valuation at over one billion barrels of oil following ongoing appraisal work. "

$27B / 600M barrels = $45 per barrel, undeveloped!!