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tryoty

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tryoty

Re: Jim Long post# 71636

Friday, 09/01/2006 11:15:01 AM

Friday, September 01, 2006 11:15:01 AM

Post# of 361994
Jim Long,

The charts Dadd posted show 6B bbls in 2, 3 & 4. ERHE has 16% of that, or 1B bbls. I contend that the value of proven reserves in ERHE's case is closer to $20 or more as they have no overhead whatsoever.

$20B / 710M = $28 per share. Close enough?

ERHC's share of JDZ oil; 1 billion barrels. Once proven, ERHE will be $10+. All we need is time and patience.

Nuf said.

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