ERHC Energy Inc (ERHE): "Eco said a new independent reserves ass...

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Julius Erving

Re: ssc post# 335653

Tuesday, 02/25/2020 11:46:45 AM

Tuesday, February 25, 2020 11:46:45 AM

"Eco said a new independent reserves assessment has pegged Orinduik's gross prospective resources at 5.14 billion barrels of oil equivalent, up 29% from previous estimates of 3.98 billion boe."

And now look at the share price, look at the chart of Eco Atlantic:

https://www.google.nl/search?ei=P09VXuSXHcXzkwXszImgBQ&q=eco+atlantic+share+price+lse&oq=eco+atlantic+share+prioc&gs_l=psy-ab.1.1.0i13l5j0i22i30l5.0.0..3776...0.0..0.158.310.0j2......0......gws-wiz.......0i13i30.lSwTOjukKQ4

Look at the 1 year chart… no certainties. Those that 'know' about ERHC (i.e. what there is to know right now), did probably buy… already.

What we DO know is: ERHC ain't going bankrupt, thanks to the pretty big litigation efforts.

It was a wise decision to buy (a lot of REAL) shares that cheap. Therefore I did. There is hardly any real risk at this price… and now we wait.

News of a deal going forward alone, will send the share price to the cents-level...