Replies to post #8434 on Addax Petroleum (fka AXC)

[Julius Erving]

Eh, little math errror. ;)

Sidenote: did you see my fellow Dutchman win the Formule 1 race in Spain just now? 18 Years old, in his first race in that car...

Worldnews.

http://edition.cnn.com/2016/05/15/motorsport/spanish-grand-prix-max-verstappen-lewis-hamilton-nico-rosberg/index.html

[Julius Erving]

I meant $13,20

Is that achievable? Yes. On finding oil.

We are now at 8 cents.

375 times 4 cents is where we were before CN/Glut oil, with NO oil. (from $0.15 to $0.0004 = factor 375)

375 times $0.04 = $15,-

Is this correct, Troy? :)

If so, with an oil find, $15,- should be the starting point, minus the additional dilution from 4x to 6x approximately?

Your $79,- / $15,- = factor 5.3 x the old share price, for having oil in the books? 15 cents times 5.3 in the old situation.

Achievable? How much oil do they need to have in that case?

$79,- times 40.000.000 shares = $3.16 billion, how much barrels is that? 15 bucks per barrel did you say? 210.666.000 barrels ERHC share?

It is indeed a lot. Correct? I'm quite busy doing things, can't think clear anymore. :P