ERHC Energy Inc (ERHE)

[tryoty]

Do the math Degen...

ERHE had a market cap of $75M before the toxic misjudgment Ntephe and Odobulu chose to inflict on us. That was with $10M in the bank. Back when they were drilling in the JDZ that ran to up to $700M.

The reverse will leave us with 30M shares out. Can the run into drilling return the market cap of the past? Assuming the sale of the EEZ block fixes the cash problem... I think $200M+ is reasonable going into Kenyan drilling.

$200M / 30M shares = $6.66 share price.

Getting to a better exchange is well within reach. I suspect that you are WELL aware of that. Good luck. For now until drilling is going to be nothing less than chasing it up.