Replies to post #316498 on ERHC Energy Inc (ERHE)

[Strategyone]

The FEAR GAP is well imbedded in this current price.

You are right, once an oil discovery announcement is made... the price will quickly start reflecting the value of the speculated oil.

Yes, it will not shoot right up to a specific value because we will only get a "feel" for the discovery amount on the first well. We will only get notice of net pay found.

That said, even if a discovery of only 50 million barrels is found, when proven out, ERHE's value will be worth WAY MORE than the $3 - $4 million current market cap.

This will be fun to watch...........................