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Re: ssc post# 8917

Monday, 10/19/2009 2:16:53 PM

Monday, October 19, 2009 2:16:53 PM

Post# of 10911
What do you mean about assigning a higher value than the market does? I picked almost the mid-point of the $5 to $10 per barrel range that we have seen for proven deepwater undeveloped reserves.

Or are you referring to my comment that you would then be assigning a value of zero for the remainder of ERHE's assets?

Perhaps we should wait for Kina results and then we can continue our discussion.

Mike

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