Replies to post #127417 on ERHC Energy Inc (ERHE)

[Iceking]

Aramco assessed Ghawar in 1970 with 170 billion barrels, of which 60 billion were deemed recoverable. More than 60 billion barrels have been recovered to date, so the estimate has been revised to about 80 billion barrels recoverable.

[bayfisherii]

Red,

No one here knows exactly what is down there, as we have all said again and again, BUT we can also say that the formation, the geology and the seismics all indicate that we could have an oil trap very similar to what have been some of the true giant oil fields discovered.

That is why as I said it may be a stretch but it ceratinly is not unthinkable that zones 1 thru 4 could contain one of the true giant oil fields discovered. If they find a giant down there then who know where our share price will end up.

With all respect to Cayman, asking me what I thought the PE was made no sense at all. This company will not have flowing revenue for at least 4 to 5 years (at best). If any one of our partners discovers a significant find then our Share Price will be based solely on potential reserves and not cash flow.