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Re: Krombacher post# 237573

Thursday, 03/17/2011 10:46:07 AM

Thursday, March 17, 2011 10:46:07 AM

Post# of 362323
post# 237532 you stated: "I calculated that once. Total bought JDZ B1 for something like $500 million, if I recall, using NSAI numbers from the past that equates to something like $.50 cents a share for ERHC for Blocks 2, 3, and 4." now you state: "So even if you claim that the JDZ Block 1 expenditure was made later on in Q3 or Q4, the numbers above indicate that at no time was the ENTIRE capitalized exploration costs for ALL projects in a given quarter greater than $628 million. Hence, by logic, JDZ B1 could not have been purchased for more than that.".