Replies to post #104092 on ERHC Energy Inc (ERHE)

[ibready]

Geez, Try that is just a tad bit optimistic don't you think. How long do you suppose it would take to achieve 200,000 bopd. I mean Addax is trying to hit 130,000bopd this year. Even if we were pumping at that rate do you think there would be no costs associated with lifting that much crude per day. I believe that 80% of the oil revenue is assigned to cost oil and out of that you would need to pay for all on going production costs. I still think it could be years before we could be out of the hole. I also believe that we will see profit oil on day one of production. I don't know how you arrived at your figures but IMHO it doesn't compute. GLTA

[bayfisherii]

Tryoty,

In a marginal respect it does not matter when development costs are paid off. A stock's share price is refelective of current income as well as potential income. The day oil starts to flow our share price will reflect that future income regardless of whose pocket the 'first oil' flows to.

IMHO (very long ERHC)