Replies to post #36488 on ERHC Energy Inc (ERHE)

[badog]

Balance_builder,

Forgot to factor in PXD's current debt of $2 billion. I'll try it again.

Using your senerio of a possible 990 million barrels proven, and using PXD as a comparable...then our share price would be $10.78/share once we have 990 million barels proven.

Using above comparables:
PXD: 128.6 million shares, $43/share current value.
PXD Debt = $2.06 billion = $16.50/share
PXD SP with no debt = $59.50/share
ERHE: 710 million shares = $10.78/share

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

[balance_builder]

Badog...exactly...and we remain debt free! PXD's rated as junk due to their high debt level. We have no debt. (acknowledge the fact that our O/S is almost 6 times higher).

We are all in a tight little region....and not spread throughout the world which is an awesome package for a big boy.

[stockhocker]

There's more to PXD's value that just its reserves.