ERHC Energy Inc (ERHE)

[RUBY1100]

the Chinese bought APKO a 45% stake for $2.46B,
or about $5 per barrel".

Apko has 500 MM Bbls Proven

ERHC Based on Best Estimates ....

if ER gets 469 MM Bbls [Risked+Unrisked of JDZ 2,3,4] we can expect $3.26 / per share at proven
not including 4 x EEZ Blocks and JDZ BL 5,6 and 9 or Gas

so if ER gets 336 MM Bbls [Unrisked JDZ 2,3,4] we can expect $2.19 / per share at proven
not including 4 x EEZ Blocks and JDZ BL 5,6 and 9 or Gas

based on the Apko deal - not sure what the price of oil was at the time