Replies to post #152293 on ERHC Energy Inc (ERHE)

[DegenerateGambler]

As far as the long awaited "reserve report". I am not sure if this is disappointment or a revelation. I am not sure how much lower this report shows the amount of oil compared to the old numbers Peter was expounding about at the conferences. It is definitely lower, but the old number was probably considered by most a very high ballpark estimate. Now we have something MUCH more concrete that can be used in the 10K reports and actually put on the books. The market will decide how much this will reflect in the share price, but IMO I think we will start going north through the twenties and thirties over the next several months (even without a ROO announcement). If we get a ROO I would guess the share price would go up ~25% right after the announcement. I would also guess the share price will gap up into the twenties tomorrow morning. But I have been mostly wrong in my predictions before, so DO NOT BANK ON IT!