Monday, June 13, 2016 7:30:15 PM
You are right, once an oil discovery announcement is made... the price will quickly start reflecting the value of the speculated oil.
Yes, it will not shoot right up to a specific value because we will only get a "feel" for the discovery amount on the first well. We will only get notice of net pay found.
That said, even if a discovery of only 50 million barrels is found, when proven out, ERHE's value will be worth WAY MORE than the $3 - $4 million current market cap.
This will be fun to watch...........................
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