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Post# of 18778
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tryoty

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tryoty

Re: snayeman post# 6412

Monday, 09/28/2015 12:20:18 PM

Monday, September 28, 2015 12:20:18 PM

Post# of 18778
India is offering FORTY FIVE DOLLARS per barrel for a piece of Tullows discovery in Kenya.

If ERHC's unrisked estimates of 645M barrels across all leads in their Kenya block end up finding 200M barrels ERHC should trade north of $50 (post split)

ERHC's 35% of 200M barrels would be 70M barrels. At $45 per barrel that's $3.15B

Post split they'll have 30M shares outstanding. I assume the *strategic* investor would want a majority, so double that to 60M shares.

$3.15B / 60M = $52.50 per share.

It's no wonder the executives are buying!

People maintain anonymity for a reason and it is rarely noble.

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