ERHC Energy Inc (ERHE)

[YankeMike]

bayfisherii:
Yes, we have discussed this before. Let's say drilling in Blocks 2 through 4 gives us proven reserves of 1 billion barrels. Then if you use $13 per barrel for proven reserves, that would equate to a share price of around $18. Of course it won't happen all at once. Every time drilling results come in and you see we have another 50M or 100M barrels, the share price will jump up accordingly. The share price can go from $2 to $15 in a short amount of time, possibly a year IMO.
Many other variables exist, such as natural gas, Blocks 5, 6, and 9, the EEZ, the subsidiary, etc.

Did you see my post from a couple of weeks ago when I gave examples of oil stocks that have gone up a lot in the last year? Some of them went from like $4 to $50 in less than a year.

Our time will come!
Mike