Replies to post #36470 on ERHC Energy Inc (ERHE)

[badog]

Balance_builder,

Using your senerio of a possible 990 million barrels proven, and using PXD as a comparable...then our share price would be $7.79/share once we have 990 million barels proven.

Using above comparables:
PXD: 128.6 million shares, $43/share current value.
ERHE: 710 million shares = $7.79/share

And that is figuring the current $60/barrel market price.
And that proven oil will take a few years.
And speculating that we will actually find 990 million barrels.

Is that what you figure? I think some are throwing around a higer share price for ERHE...but then maybe they are speculating on more oil????

Badog

[mrogop]

bb:

a probe, no! discussion, no! a formal IOI , yes!