ERHC Energy Inc (ERHE)

[tryoty]

Using a conservative $15 per barrel ERHC would need it's share of Kenya to be 66M barrels to justify a market cap of $1B ($30 per share). From ERHC's most recent PR:

"Mean unrisked prospective resources of all prospects and leads in Block 11A totals 662 million barrels."

For ERHC to get to 66M barrels that 662M unrisked estimate needs to pan out to 188M barrels proven. **IF** (see that word everyone?) this/these well/wells find oil, the entire block is significantly derisked and getting to those numbers is likely.

Talk of Chad, the EEZ, and the JDZ is mental masturbation, if Kenya has oil this company goes buy-buy (punny spelling intentional)