ERHC Energy Inc (ERHE)

[Jim Long]

bobwill9,
Glad you said that the sale price sounds inexpensive. I was thinking the same but thought I must be missing something as I was re-reading the press release. Also, Addax's unrisked and risked prospective oil resources for Blocks 2, 3, and 4 appear to be far below what we have been anticipating. Using an average of 22.34% for Blocks 2, 3, and 4 for Addax's share then we are speaking of a culmative total of risked and unrisked of approx. 2 billion barrels total.

Reference tryoty's message 107235:
Speaking of Blocks 1 thru 9: "Combined recoverable reserves potential of the 17 (best) prospects was estimated by WesternGeco to be 14.4 billion barrels of oil."

What am I missing? These numbers don't even seem to be anywhere compatiable.

TIA,
Jim