I'm sure it would be embarrassing to state the revenue number being used because it is so small. Plus it is actually unknown for 2021, just based on more assumptions.
Regarding the adjacent block, unlike you I'm saying it absolutely would not rise to $3 billion or more, i.e. dollars in a few short weeks lmao. Such a discovery (by the way, what are the odds of making a billion barrel discovery with 1 well?) could cause shares to be worth 10 or 20 cents, but that would be if erhc was operating like a public company. We all know erhc management has decided to operate like a private company and that no insiders have purchased shares since the reverse split wiped them out years ago and that according to SEC information Offor no longer has a large stake in erhc.
In reality, it appears that a small group of outside penny stock players have accumulated 2 billion or more of the 3 billion erhe shares outstanding. That makes the likelihood of a buyout of any kind taking place unlikely. The fact that no one can provide a shred of proof that Total or any other company has any interest in buying erhc further confirms this, as does the share price.
So even if Shell reports good results in block 6, any erhc deal will be cloaked in the information void erhc management has created and any future wealth is likely to be distributed among insiders using all the perfectly legal methods to do so. Current shareholders are stuck and they aren't getting unstuck.
Let me know when any proof is found to show any of the above is incorrect. Meanwhile, the share price is the only judge that matters.
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