Replies to post #38754 on ERHC Energy Inc (ERHE)

[Spec29]

No, I did not mean to insult anyone...

I know the buyin offers they were receiving were based on prior estimated reserves in the blocks. With the rumors being bandied about about the possible reserves after Obo-1, why would anyone want to sell at prior reserve estimates when actual reserves could be multiple times more?

I'd be disappointed in a $2 to $3 share price in a few years. Very disappointed! I'm expecting that in the near term. I don't know if you read my post earlier where I said "they" feel a short term valuation of $9 per share is a possibility.

You are very right on my calculations. Meridian opened my eyes on some of those calculations, also. Stockguard, who is retired from the oilfield and I trust, confirmed Meridian's calculations. Sometimes I have to defer to the greater knowledge.

I'm hoping just like everybody else here. I'm just tempering my expectations.