Most of us have a target 3 times that high based on many YEARS of DD. Do you know who Richard Matzke is? Google "Richard Matzke ERHC" and you'll see a tiny glimpse of what many long timers know.
"HOUSTON--(BUSINESS WIRE)--July 23, 2002
Chrome Energy Corporation ("Chrome") (OTCBB: ERHC), an oil and gas exploration company focused on the Gulf of Guinea offshore West Africa, announced today that it has retained the services of Richard H. Matzke as special advisor.
Matzke retired earlier this year from his position as vice-chairman of ChevronTexaco Corp. after more than 40 years of distinguished service. He was recently elected to the board of directors of LUKoil, Russia's largest oil company."
Why would a man with a 40 year career with Chevron and active Director of LUKoil sign a deal to Advise little ole ERHE? Thar's OIL in them thar blocks, lots and lots of OIL.