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ncwally

03/13/16 8:14 PM

#314778 RE: tryoty #314776

AOI TSX also has 456+ million shares outstanding, some 15 times ERHE's 30 million.

midtieroil

03/13/16 8:29 PM

#314779 RE: tryoty #314776

You gave me numbers for an offer made 6 months ago when oil was far higher. Not only that, Apache has significant gas processing and gas transmission facilities which you gave no value to. In addition Anadarko made the Offor primarily to avoid a takeover of both companies both of which may be takeover targets.

The truth is the best comparison on the planet is a pure exploration play like Africa Oil whose primary asset in play now is also in Kenya. Instead you chose an oil company who has nothing in common with ERHC to try convince us that ERHC should be valued differently.