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