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Replies to post #45038 on ERHC Energy Inc (ERHE)

Replies to #45038 on ERHC Energy Inc (ERHE)
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TheDane

04/18/06 1:17 PM

#45039 RE: tryoty #45038

tryoty...I know, but Spec said that's what he expected "'em to sell the straddle" for. He clarified this by saying the 'em was ERHC. I was just trying to nail it down and determine what he meant to say.


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hoehne888

04/18/06 1:18 PM

#45040 RE: tryoty #45038

Maybe 3(b)illion (e)uros + for straddle?EM
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Spec29

04/18/06 1:40 PM

#45054 RE: tryoty #45038

That would tell me they went after prospect A2...

on the linked map below. Also, tells me the average thickness of the pay zone is about 660 feet. That is using Ghawar as a comparable.

Oh, if it is 3 billion barrels, that is the recoverable amount.

That would also drop my estimate of ERHC selling it's share of the straddle to around $1.32 billion.


http://i50.photobucket.com/albums/f346/CobraJet1/B1-FIELDS.jpg