InvestorsHub Logo
Followers 20
Posts 440
Boards Moderated 0
Alias Born 02/20/2006

Re: sneak-attack post# 200230

Tuesday, 02/23/2010 5:44:01 PM

Tuesday, February 23, 2010 5:44:01 PM

Post# of 361651
Sneak,

That price would give ERHC about 350MM barrels at a reserve price of $7.55/Bbl. IMO that is low for know reserves. At a known resrve price of $8.50/Bbl that would give ERHC about 311 million barrels or only about 1.83 Billion Barrels of oil or oil equivalents (includes gas and gas condensate) for zones 2,3,4 & 5.

Bayfisher