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Tamtam

06/05/08 4:07 PM

#130910 RE: RUBY1100 #130906

Thanks Ruby, WOW indeed and those are probably low estimates.
Tamtam
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TheDane

06/05/08 4:07 PM

#130911 RE: RUBY1100 #130906

So ERHC owns roughly 20% of the etimated 5.1 billion barrels in blocks 2,3 &4. Is that about right? That's about 1 billion recoverable out of the Western Gecco estimate. Not bad.
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vizsla4084

06/05/08 4:13 PM

#130914 RE: RUBY1100 #130906

For those less knowledgable ...

" ... JDZ Blocks 2, 3 and 4 could total more than 5 billion barrels of oil (P50) ... "

Does the P50 mean a 50% probability that the above is correct or achievable? Is P50 a relatively good number in the oil business ?

Thanks.
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Nightdaytrader

06/05/08 4:20 PM

#130919 RE: RUBY1100 #130906

Prior to deductions - that is a key phrase

ND9