ERHC Energy Inc (ERHE)

[tryoty]

"But $12 (or $14) is as unrealistic now as it was back in the JDZ days"

Actually, $14 was realistically possible had the JDZ panned out as estimated, but to advance the conversation let me say that $14 now, after the reverse, is far more possible than before.

Back then it required that the 14B barrels estimated come to fruition. Now, a mere 28M barrels, ERHC's share, makes $14 possible.

From ERHC's website:

"The mean estimate of oil prospective un-risked resources for the prospect is 66 million barrels. Mean un-risked prospective resources of all prospects and leads in Block 11A totals 662 million barrels."i]

ERHC hold 35% of that block. 35% of 66M is 23M barrels and 35% of 662M barrels is 231M barrels, ERHC's share.

At $15 per barrel (IMO, conservative given a pipeline is going right through the block), those numbers put the share price between $11.50 and $115. Laugh all you want, those numbers are realistic.

Anyone asking someone else "why are you here?" simply needs to read this post. It is why we are ALL here.