ERHC Energy Inc (ERHE)

[redinvest]

Vineseeker2, I've given it some thought. Basically I came up with some assuumptions. First, the cluster development would produce 200k bpd. Taking into account the 50% tax to the JDA, our rights to 20%, and paying back the cost oil, we would get a quarterly dividend somewhere around equal to 1$ per each of our shares.

So, if you own 100k shares, you would receive approx $400k per year. Wowser.

Taking everything I have omitted in this formulation, I would divide the above figure by about another 50%. Thus, I would expect a yearly dividend of $200k for each 100k shares


This could be changed significantly by whether our payback of the cost oil being front end loaded.

Please, no one, this info is JMO and is no more than a thumbnail assumption.

This is only a WAG, nothing more.

Red