ERHC Energy Inc (ERHE)

[pinecat]

ERHC Energy valuation based on Afren
Today, based on Afren's current SP of 35.5 Pence, ERHE should be valued at a minimum of $1.55.
I know I've harped on this before, but there is a small shell company, Afren, that bought up 4.41% of block 1 from EER. You can do some pretty straightforward math with some pretty conservative comparisons and estimate that ERHE has about 16 times the oil rights in the same area (and this factor does NOT include our STPEEZ rights).
Oilman57, start with an excel file I posted last March on EF (under files) called ERHE eval afren, and start your evaluation. You keep on telling us that we are currently valued correctly, but Afren allows us a fairly direct market comparison of our rights. I would not simply assume our SP is fairly valued by the market. I agree with others, this stock is being heavily manipulated. Thanks for everyone's postings, BTW.