Replies to post #108696 on ERHC Energy Inc (ERHE)

[Jim Long]

kobi,
That was also my understanding and using a present going paid rate of $6.25 bbl and 720 M shares then a fair offered price would be $3.90 to $4.00 exclusive of the EEZ. Full carry may add a little to this number so we may be looking at $4.50 tops.

Of course IF the estimates are low (and we have reason to believe they are) then the price increases proportionally.

Any other projections based upon the understood criteria?

Jim

[RUBY1100]

You may be right !!! That would mean 1.5 BB in JDZ 2-3-4

so we get 300 MM or 150 conservatively