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tryoty

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tryoty

Re: kobiashi2000 post# 72590

Monday, 09/11/2006 1:15:20 PM

Monday, September 11, 2006 1:15:20 PM

Post# of 361536
kobi, you are absolutely correct.

All this "rights fo rigs" talk seems silly to me. If Block 2 holds 3B bbls, giving up even 1% means we're paying $2B for the rig. At $500K per day we would need to use the rig 4000 days to justify the percentage.

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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