Replies to post #116574 on ERHC Energy Inc (ERHE)

[bayfisherii]

Tryoty,

Are you basing the $10/share on a $7/barrel for known reserves?

Is that accurate anymore? I dont know? How does the Energy industry value known reserves in today's market? When Oil was $35/Bbl they had a value of $5/Bbl for known reserves. But today and at a market price of north of $90/Bbl wouldn't a known reserve value be more in line of $12.85/Bbl? I don't know, but if there is a linear relationship between known reserve value and the market price per barrel this corallary would hold true.

If 12.85/Bbl was the correct known reserve value then our stock price would be more in line of near $17.50 per billion barrels of known "proven" reserves.

Can you blow holes in this analysis. It is all speculation on my part.


Bayfisher