Replies to post #129081 on ERHC Energy Inc (ERHE)

[emdyal]

You suppose that the BushWacker will make a visit to the GOG next ? lol

[YankeMike]

Goldman Sachs also projects oil to average $148 a barrel for 2009.
With that kind of price, we may be able to easily use $15 a barrel for proven undeveloped reserves. So with a possible 1.5B barrels for our rights in Blocks 2 through 4, that would equate to a share price of over $30!!!
That doesn't even factor in Blocks 5,6, and 9 or our HUGE EEZ rights.
This is going to be fun the next few years!!
Mike