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Post# of 18778
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Julius Erving

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Julius Erving

Re: oldoil post# 8503

Thursday, 05/19/2016 6:16:47 AM

Thursday, May 19, 2016 6:16:47 AM

Post# of 18778
Mininum of minimum commercial?

10 million barrels ERHC's share? Times $10,- for a barrel in the books = $100 million / 43 million shares = $2,32

$2.32 / $0.7 = factor 33.14

$33.140,- for every 'grand' invested at this moment.

Hmmm... for a minimum of minimum commercial find...

Of course they have to hit commercial oil to get this to be realistic.

The Doc.
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