According to xrimlinger.com, the adjacent block 3 is equivalent to 20 cents a share of ERHC. According to Kosmos litigation block 4 it's worth 17 cents a share.
That's before oil prices rose and before we discovered that block 4 has "source oil" from which flows the oil into the other blocks.
You're probably looking at north of 20 cents just for that block from Shell. They can EASILY do a dividend of a penny or two from 20 cents and that alone could result in a short squeeze into the dollars.
But the real money is the JDZ, which Oranto equivalently values at 80 cents a share for its 100% block in the JDZ which is equivalent to five 20% blocks that ERHC has.
I think Shell will buy block 4 and Total will buy the JDZ properties. That's why I prefer there to be one announcement for both Shell and Total simultaneously to achieve maximum damage to the short sellers.
Nothing delusional in the above assumptions and facts.
: Every penny is $25 million dollars that ERHC has to show as profit or anticipated profit.. : You seriously discount the exuberance of the ,market !!!!
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