At least 2.5 billion, maybe more. This is why the made up fake story of billions of naked short shares exists. The hard fact that management and Offor own few erhe shares and have done nothing to increase shareholder value for over 5 years is too painful to face for those long erhe. The lack of any type of rally even as EEZ block 6 is being drilled is further proof of how dead erhe shares really are.
It will be amusing to see what new excuses are presented to explain what happens (or should I say doesn't happen) after Shell releases drilling results.
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