Monday, June 30, 2008 2:07:04 PM
Valuing deep water proven is a doctorate level course in frustration. Trying to value 2P and 3P would be nothing but mental masturbation. What will someone pay for the risk? It's different for each company.
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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