ERHC Energy Inc (ERHE)

[Curious62]

Commerciality is a risk valuation based on the future value of the reserves to be developed minus the capital and operating expenditure, royalties and taxes to be paid. Every oil company makes these estimates before the start an exploration program. The are continuously adjusted with every new piece of information. One needs an "estimate" of both sides of the equation to make this "determination". Without actual information, its impossible to value these assets, and by extension, ERHC.