ERHC Energy Inc (ERHE)

[RKT989]

not 10 years ...but 3-4 to production..


BLOCK 4 only (presumes 80 dollars per barrel)

Payback..At 200,000 BPD times half (40 dollars ) of price per barrel(the other 40 dollars per barrel goes to JDZ TAXES)
gives 8 million per day or 56,000,000 per week with ERHE aprox 19% in block 4 equals aprox 10,640,000 per week which 75% (7,980,000) will go to pay back development costs(50% is payoil and 1/2 of profit oil) and (25 %)2,660,000( will be our profit )per week.So even during payback we will have 2,660,000 per week in income

If development costs for ERHE are aprox 19% of 3 billion that equals 570 million..
570,000,000 divided by 7,980,000 equals approximately 72 days till complete payback of our costs .throw another 10 days in for interest on money owed and in approximately 82 days we will have paid back ALL of our costs ..
Then ERHE will be receiving 10,640,000 million dollars per week
equals aprox $ 553,280,000 per year.

Minus Rent and salaries and you have 550,000,000 per year
If oil goes up payback becomes sooner and above figures goes up accordingly

Do this same example for block 3 and then block 2 and include GAS (which at this point is not taxed) and it gets scary good

Hopefully my small handheld calculator was working right

Those numbers should make everyone happy