InvestorsHub Logo
Followers 33
Posts 2371
Boards Moderated 0
Alias Born 05/31/2005

Re: oilman57 post# 92190

Saturday, 03/03/2007 8:22:04 PM

Saturday, March 03, 2007 8:22:04 PM

Post# of 362621
True we have kept a decent Market Cap premium over the past 3 years but IMO is still low depending on how much Oil you believe ERHC is sitting on and what kind of deals are in store for us with just our exclusive rights ...

Agree 100% with Electick - the truck driver is driving us into the ground and leading us badly, not serving the shareholders and serving himself. New management is needed.

Recall we have 10 blocks - 3 Free carries which are worth a few sheckles - Inc. 2 x 100% STP Blocks

Many many bigger fish have been and continue to Knock on our tiny door ... We are in the hottest region of Sweet Crude perhaps in the world.

How much oil are we sitting on ?????

500 Million BBLS?
1 Billion?
2 Billion?
3 Billion?
4 Billion?
5 Billion?

do the math at $60+/bbl less the all taxes and expenses x 25 years or so

Rumors discussed have said ERHC had private offers on the table ranging from $1.50-$5

U still ok with $.35?