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Re: ibready post# 104090

Saturday, 08/11/2007 3:42:30 PM

Saturday, August 11, 2007 3:42:30 PM

Post# of 361993
ibready,

Even if ERHE forfeits ALL oil production until costs are paid the costs would be paid in 76 days, assuming 200,000 bpd production and a billion dollars development cost.

Even if you double the cost to $2B ERHE is paid in full in five months.

That's quite a bit shy of your fear mongering "forever".

Relax, my gut says this is a mistake and will be rectified in a PR next week.

JMHO (my gut has been wrong before)

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

Nuf said.