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S&P 500
5,780.05
(
-0.21%
)
US TECH 100
19,707.20
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-0.10%
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Dow Jones
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-0.14%
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3.17%
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sneak-attack

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sneak-attack

Re: None

Saturday, 01/03/2009 4:21:38 PM

Saturday, January 03, 2009 4:21:38 PM

Post# of 10911
BB: I have been in this stock for about 9 years plus. I can still remember when SEO wanted $6.00 a share when ERHC had about 1/2 the # of shares outstanding. SEO wanted almost $6 billion when oil was $20.00 a barrel. SEO is sitting on at least 1 billion barrels of oil, Oily is dead wrong @ $3.75 a share. $7.50 a share is a good compromise. The 1 billion barrel cut for ERHE is low considering blocks 5,6,9 and the (2) EEZ'S @ 100% and (2) EEZ'S @ 15%. Having said all that, the only pressure on SEO is the $$$ needed for blocks 5,6,9 and the EEZ blocks as the majors may not give ERHE a free ride again. Please do not forget the comming U.S. Currency De-valuation followed by inflation.

Holding for drill ship
Sneak
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