ERHC Energy Inc (ERHE)

[Nightdaytrader]

As much as I would love Total/Shell to pay $20 for ERHC, it will never happen.

As I just stated, Kosmos found 100 TRILLION cubic feet of Natural Gas. That is the 4th largest find in history. They will be producing natural gas for 30+ years. Yet again, over the last few years, KOS was selling for $4, then $2, then down to $0.55, then recently back up to $6 as oil recovered. Ok, so why wasn't KOS selling for $20 if they are sitting on billions of barrels of oil (i.e, 100 TRILLION cubic feet of natural gas)? Think about it.

First, nobody will ever pay $20 x 2.88B shares (per yahoo) = $57.6B without first proving there are billions and billions of barrels of oil there. Second, even if they find oil, does ERHC have billions of dollars to pay for designing/building an infrastructure and extracting the oil over the next 20 years? No. How could you even put that infrastructure in place, based off 1 well in EEZ block 6 and the previous JDZ wells that were not commercial? Impossible... All these future possible expenses and unknown risks must be accounted for in sale price...

Yes, it could happen in the middle of the night, but you need to be realistic about price expectations. Also, if you have hundreds of millions of shares, and you get 50 cents, or 20 cents per share, you should be ecstatic. Not upset that you didn't get $20/share..

JMHO
ND9