Replies to post #47484 on ERHC Energy Inc (ERHE)

[bayfisherii]

Jdubs,

By my calculations that buy in price should equate to a pps of $14.0845/share.

Calculations:

$4.5 Billion to buy 45% equate to $10 Billion to buy 100%

$10 billion market value divided by approx 710 million shares equates to $14.0845/share.

Do you see issues with the above math?

Bayfisher2

[foggdogg]

That deal for a 45% buyin related to an offshore field Near the JDZ, akpo I believe, but certainly NOT ERHE