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Re: maestro224 post# 63729

Tuesday, 07/04/2006 9:38:17 PM

Tuesday, July 04, 2006 9:38:17 PM

Post# of 361533
Maestro, based on recent transactions... $24 per share.

10B bbl in all our blocks means "roughly" 1B bbl proven for ERHE. Recent buying in the oil patch has been at $17 per barrel proven.

17B / 700M outstanding is $24 a share.

ERHC's share of JDZ oil; 1 billion barrels. Once proven, ERHE will be $10+. All we need is time and patience.

Nuf said.