ERHC Energy Inc (ERHE)

[RUBY1100]

Friday Math Fun ....
Addax has stated *1,039 Billion Bbls in JDZ BL 1-4 is for Addax

So how much OIL will ERHC have ????
the mystery is how much per block ????

Addax has JDZ 1-4
40%/14.3%/15%/38.3%

ERHC has JDZ 1-4
0%/22%/10%/19.5%

my JDZ Estimates 1-4 ALL reserves
30%/25%/10%/42.6%

*the 1,039 is Unrisked and Risked but because Addax is so good I assumed all unrisked.

ERHC may have approx 572 Milion BBls in JDZ 2,3,4
$10.00 NET per share per BBl / OS =

$7.83 / per share


Others Please chime in.... with your own estimates