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Re: spp119 post# 155840

Sunday, 03/22/2009 11:20:44 AM

Sunday, March 22, 2009 11:20:44 AM

Post# of 362422
LOL! That entire post WAS an ego trip spp. I think what bothers me most is you *know* that 136M riked figure is not an estimate of what is in the ground. A more accurate assessment is from WesternGeco where they looked at the structural traps and calculated volumetrics based on the comps from nearby geology.

Risked figures are mathmatical mumbo-jumbo management uses to decide their drilling plan. Nothing more.

You now that, you've posted it yourself. But you insist on quoting ad infinitum that 136M number, to make sure all new eyes dismiss ERHE as a viable investment? Hell, I don't know why you do it.

That 136M number is a measurement of risk, not a volume estimate. Why not cite the numbers from last June/July where Kina was announced as a 468M barrel drilling prospect? At least that number was calculated with the goal of determining potential rather than just assessing risk.

I think soon means soon this time!