Replies to post #108690 on ERHC Energy Inc (ERHE)

[bobwill9]

on a side note, the Chinese government subsidizes energy costs to local biz. Those companies over there don't neccessarily pay the same price for energy that we do - gov't does

[RUBY1100]

according to Addax ERHC should see around 100 Million Barrels from JDZ BL 2,3,4 with unrisked + risked

for those conservatives ERHC should see around 56 Million Barrels from JDZ BL 2,3,4 with unrisked only

Can some one figure out what our appropriate market cap should be !!!!!

NSAI reviewed 18 prospects on Blocks 2, 3 and 4 and estimated unrisked and risked prospective oil resources respectively to be 286 MMbbl and 225 MMbbl attributable to Addax Petroleum's working interest as at December 31, 2006.

Figure 286+225 = 511 MM Bbls

Addax has 22.44% ave. of BL 2-3-4 = 115 MM Bbls

ERHC has 19.56% ave. of BL 2-3-4 = 100 MM Bbls