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kobiashi2000

09/27/07 9:11 AM

#108696 RE: RUBY1100 #108694

The way I interpreted it is that those numbers were attributable only to Addax's working interest, only their percentages in the 3 blocks, not the entire blocks, their interests are equal to 511 million barrels, so their 22.44% equaling 511 million barrels would equate to about 2.3 billion barrels total for the 3 blocks combined or ERHC's share of 19.56% of the 3 blocks would be around 450 million barrels. Of course I feel all these numbers are really conservative.