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Post# of 362272
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snow

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snow

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Re: None

Thursday, 07/21/2005 9:56:36 PM

Thursday, July 21, 2005 9:56:36 PM

Post# of 362272
Good deal?

Did the calculators allow for this very substantial dilution when arriving at the proper stock price at this stage? To me this looks like a good deal if the companies that drill for oil have to drill a lot of wells to find it and a poor deal if it is found straight away. A well costs after all about 10% of ERHE's market cap if the cost of one well is $ 30 - 35 million.
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Volume:
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  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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