![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Sunday, September 17, 2006 10:01:53 AM
When I use my ERHE Value spreadsheet, it is for two purpose. One to dream of future values with guesses of proven reserves over time.
The other, to keep me grounded for expectancy. For example, CVX announces at least 1 Billion in OBO1. I plug 1 Billion in block one of the spreadsheet and zeroize the rest. What do I get? At $1/ or $3/ for unproven oil a SP between .15-.46. Fine, now I know what to coldly expect. But as rumours solidify, unitization (after all there is a reason why Addax is heading a consortium!), I increase oil in other blocks. For instance I'll assign 1 billion in block 4 for Addax, my SP is now between $.41-$1.21. Everytime a new announcement will be made I know that the price will increase and go right on the spreadsheet.
There you have it.
Now I am off to "The Battle of Britain" parade, Cheers
Brez
Recent ERHE News
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/06/2024 07:31:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/08/2023 09:06:42 PM
Element79 Gold Corp Appoints Warren Levy to Board of Directors • ELMGF • Aug 28, 2024 9:51 AM
Integrated Ventures Announces Strategic Entry Into Health & Wellness Industry with Focus on GLP-1 Products • INTV • Aug 28, 2024 8:30 AM
ELEMENT79 ANNOUNCES UPLISTING TO OTCQB VENTURE MARKET • ELMGF • Aug 26, 2024 10:03 AM
North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia • NBRI • Aug 26, 2024 10:00 AM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Element79 Gold Corp Provides Update on Nevada Portfolio • ELMGF • Aug 23, 2024 8:00 AM