$20 is perfectly reasonable if this first well is a success. It would put the market cap around $700M.
Considering that the market cap was higher than that prior to drilling the JDZ I think it's more than reasonable to acknowledge that ERHE could exceed that in the very near future with a discovery. It would derisk the entire block. This thing will fly!
$20-$40 or more is what success next month will mean.
Stay tuned.
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