ERHC Energy Inc (ERHE)

[brez63]

Dest,
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