"When the news hits that Kina is an elephant, there will be no chasing, ERHC will be valued at its percentage of that oil times $5 overnight."
So if we drill Kina and she's a gusher. Hypothetically speaking, say we end up with 500 000mm bls (our share), you think the market will just pop to our new realized asset valuation number? I have nothing even close to compare too, so I was just curious as to how you figure the sp would run. I guess it depends on the kind of run up pre-drill we experience also