Replies to post #43011 on ERHC Energy Inc (ERHE)

[stockhocker]

That's wierd, I ran the same calculations and got...

... $3.54/share

[tryoty]

Feet in 1 sq mi = 5280 * 5280

Cubic feet in an 800 foot thick sq mi

5280 * 5280 * 800 = 22,302,720,000 cubic feet

22,302,720,000 cubic feet in gallons

1 cubic feet = 7.48051945 US gallons

22,302,720,000 * 7.48 = 1.66835931 × 1011 US gallons

166,835,931,000 gallons

There's no way the oil producing sands are 50% permeable, maybe 25% if you're lucky.

166B gallons * .25 = 41.5B gallons

41.5B / 42 = .99 bbl per square mile 800 feet thick.

How many sq miles is this field???