Ya'll are arguing apples and oranges. The short answer is to go back to what China paid for less than half of the Akpo field. That was around $12 per proven barrel as I recall. Now we have an "authority" saying this figure should be more like $24 at today's prices. ERHE's rights in 2,3 & 4 are roughly 20% of the total, so if 5BBl are proven, ERHE has rights to 1Bbl. At $24 bl, that is $24 Billion dollars, divided by 722 mil shares = $33 per share.
Just that simple, Magic
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