Thursday, June 14, 2018 9:22:42 PM
As a mathematician I'll do the work.....
14.4 Billion barrels is equivalent to $281,520,000,000. profit...PROFIT. Now IF ERHE can manage 10% of these numbers thats $ 28,152,000,000. Profit to shareholders. Per share profit is $9.43/share..For those that own shares...do your own math....hmmmm OK.....so a little goes to feds....$78.00/ barrel gross.
.25% of that is net after drilling cost, labor....Now..you see why we are excited about this investment?
Some for 20 years...worth it???? do the math yourself...all is just my opinion
14.4 Billion barrels is equivalent to $281,520,000,000. profit...PROFIT. Now IF ERHE can manage 10% of these numbers thats $ 28,152,000,000. Profit to shareholders. Per share profit is $9.43/share..For those that own shares...do your own math....hmmmm OK.....so a little goes to feds....$78.00/ barrel gross.
.25% of that is net after drilling cost, labor....Now..you see why we are excited about this investment?
Some for 20 years...worth it???? do the math yourself...all is just my opinion
Government is not the solution to the problem...Government is the problem...
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