Thursday, November 17, 2005 6:47:10 PM
where ERHE has no partner they have to pay ALL COSTS? I'll trust you on that one.
let's see. $2.7 billion for one field x 15% = $405,000,000 and ERHE had working capital of around $850K as of June 30th 2005. That only leaves $404,150,000 to go. Or at $.50 per share that's 808,300,000 more shares. Or if Offor fronts the money and converts the shares at $.25 that's only about 1,016,000,000 shares plus interest. For one field in one block.
I'm glad you looked it up.
Mongrel
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