ERHC Energy Inc (ERHE)

[oilman57]

By: balance_builder
02 May 2005, 10:09 PM EDT
Msg. 34435 of 34446
(This msg. is a reply to 34365 by jibby22.)
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Jibby22....APC signature bonus is $33 million more than ERHE/NBL.

APC's work committment was to spud one well in 3 years time.

ERHE/NBL's work committement was to spud 3 wells in 1 years time.

Figuring the cost to spud 1 well in this setting is approx $35 million dollars.

APC's investment: 11.66 Million per year
ERHE/NBL investment: $105 Million per year

Its a no brainer which company has offered the better package IMHO.