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Re: None

Friday, 04/06/2007 12:23:11 PM

Friday, April 06, 2007 12:23:11 PM

Post# of 362867
To get to a triple digit share price ERHE would have to be sitting on 8-9 billion barrels of proven developed reserves. The ONLY way I can see that happening is merging with Equator and have 100% rights to the 4 best blocks in the STPEEZ. The STPEEZ would have to be JDZ rich in oil or better and ERHE would have to develop it's own blocks. If it's even doable it 15 years away in a best case scenario.

I'd rather see the JDZ developed in the next 5 years and sell out for $15+ a share. Fifteen years is too long to wait for a payout, no matter how big it is. But everyones individual situation is different!

ERHC's share of JDZ oil; 1 billion barrels. Once proven, ERHE will be $10+. All we need is time and patience.

Nuf said.

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