ERHC Energy Inc (ERHE)

[Iceman2004]

Help me with a comparison here...

See article below

Texas developer Denbury Resources to acquire Rocky Mountain oil producer Encore in $2.64B deal


http://finance.yahoo.com/news/Denbury-to-buy-oil-developer-apf-2982012228.html?x=0&sec=topStories&pos=main&asset=&ccode=

Summation of Article

1)Denbury Resources Inc. said Sunday it will pay $2.64 billion in cash and stock to purchase Encore Acquisition Co

2)become one of the largest independent oil exploration and production companies in North America.

3)Encore shareholders will receive $50 for each share held, including $15 in cash and $35 in stock.

4)Denbury operates mainly in Mississippi, and holds interests in the Barnett Shale region near Fort Worth, Texas, and properties onshore in Louisiana, Alabama and Southeast Texas. It owns hefty reserves of carbon dioxide, which Denbury injects into older oil wells to boost oil production, a method known as tertiary production. Fort Worth, Texas-based Encore buys and develops oil and natural gas reserves from onshore fields in the United States.

5)Denbury expects to issue between 115 million and 146 million shares of common stock to fund the equity portion of the deal, which would boost its total shares outstanding to between 364.4 million and 395.4 million.

With this information and in comparison to our situation, where would ERHE stack up against a company and situation like this? We are on a much bigger playing field with much more international implications.

There are many more educated analysts, how do we stack up with numbers like this?

Ice