Replies to post #116618 on ERHC Energy Inc (ERHE)

[tryoty]

bayfisher...

When China bought into AKPO they paid the equivelant of $5B per 1B barrels. That was at $60 oil. Oil is 50% higher now, a billion barrels is worth $7.5B, or about $10 per share. Remember though, that is proven UNDEVELOPED. If ERHE can hold out until proven developed you can double that.

In reality, oil demand is still increasing. If that continues these numbers will be higher.

All they gotta do is find a billion barrels... piece of cake!