ERHC Energy Inc (ERHE)

[YankeMike]

I prefer to talk about Kina...
Posted by: YankeMike Date: Thursday, May 14, 2009 12:01:42 PM
In reply to: ponzi_implosion who wrote msg# 161809 Post # of 179918

ponzi_implosion: Addax states that Kina and Kina South have a combined best estimate of 448M barrels and a high estimate of 613M barrels.
You do realize that your estimates are for ERHC's percentages only right?
IF Kina comes in at 500M barrels, we would have about 100M barrels of proven reserves, since we have 19.5% of Block 4.


Posted by: RUBY1100 Date: Thursday, May 14, 2009 7:14:31 AM
In reply to: oil-cowboy who wrote msg# 161778 Post # of 161810

Oil Cowboy - BL 4 Kina is 352-479 MM BBls
BL 4 Kina South is 96-134 MM Bbls
BL 2 Bomu is is 274-435 MM BBls
BL 2 Pricipe is only 78-108 MM BBls

you must ADD all the blocks' prospects to get over 1 BB Bbls, and these are **Addax's Block breakdowns**

**Updated ... Addax Slide with specific Prospects
Silde 8/20

http://www.addaxpetroleum.com/_media/200904-InvestorPresentation.pdf