Replies to post #71751 on ERHC Energy Inc (ERHE)

[tryoty]

Brez's spreadsheet is too low...

The going rate for proven undeveloped reserves is $12, and as I said earlier the full carries up that number significantly, I'm guessing as high as $20.

Change the spreadsheet percentage from 9.5% to 20% and it values reserves (at the $80/b price point) at $12.

Then punch 4000, 3000, and 3000 for blocks 2, 3 & 4 proven...

Whoa nellie!

[brez63]

Thanks Dat,

The link is actually
http://homepage.mac.com/brezihub

Brez