Replies to post #313650 on ERHC Energy Inc (ERHE)

[ssc]

With oil between $30 and $45 your $15 number seems a bit out of touch with reality. But looking past that, and accepting for the moment that they can actually find 66 million barrels in this first prospect, at what point in the exploration and development cycle are you assuming the market would give that value to the ERHC market cap? And by the time that might happen, how many shares do you think would be outstanding? One last question, do you really believe there will be an oil pipeline running right through block 11A in Kenya in your lifetime?

[lovemelongtime]

Absolutely Troy, on land, fraction of drilling costs associated with this type of work, pipeline going to be built lowering viability of commercial finds, other discoveries in the area, oil companies realizing this is one of the hot areas that could still be profitable in this down oil market. Why should investors keep hounding away at the negatives. Fact is we made it to drilling against all odds, lets see what we got in the next few weeks, I'm excited about THAT!!!

[emdyal]

Yeah it does seem as if the gloves are coming off in certain quarters (not you) to put a cap on what should otherwise be a pre spudding run up !