ERHC Energy Inc (ERHE)

[bayfisherii]

Thanks Mike,

The reason I ask is: can we utilize a number such as this one($13/BBL, 10% of todays market price) to determine the "potential' for share price appreciation; if and once we have proven reserves. If reserves are estimated around the 10 Billion risked potential the original geophysical survey indicated, does that mean that our share price could move to approximately $35/share over night? Not trying to hype ERHE (it does not need it) I am only trying to understand the potential for an extreme exponential rise in share price (almost overnight) once reserves are determined.

Therefore, my best guess is that once a rig is on-site we will not see any MM's swinging the price around, it would be too risky. You get caught on the wrong side of the boat (in this case 'The Rig') and you could get severely hurt.

Anyone have any thoughts on how fast and how much the market could understand and apprciate the value of the JDZ if reserves are proved up?

BayfisherII