ERHC Energy Inc (ERHE)

[tryoty]

The beauty is that my opinion doesn't matter and neither does yours. If they find oil I believe the company will be bought.

Current unrisked estimates are 662M barrels for the block. If that pans out to 188M barrels ERHC's share will be 66M barrels. I used $15 per barrel to come up with a market cap of $1B, or $30 per share.

In 2009 Addax had 450M barrels of proven and was bought for $10B... that's $22 per barrel middy. It's public record and indisputable.

Proving 30% of the unrisked estimates may be difficult, but if they can then a $30 per share buyout is very much within reach.