Replies to post #71642 on ERHC Energy Inc (ERHE)

[bayfisherii]

After the PSA ERHC's recoverable oil percenatge is closer to 6%

[tryoty]

IBN, another correction required...

I don't think $12 per barrel is a fair going rate in ERHE's case. It has no overhead, no drillships, no rigs, and no costs.

Given ERHE's pure profit situation $20 per barrel or more is more likely an accurate figure.