Replies to post #155036 on ERHC Energy Inc (ERHE)

[texasspeculator]

Perhaps I skimmed the article too fast, but what I read has to do with Brazil rather than off the African coast. For a challenged learner, how does this relate/connect? Are you implying that we are trading part of our Africa holdings for some in Brazil?

[RUBY1100]

From Oilphants Exxon Story ...
perhaps we will see these number for us 1 day

Exxon found 8 Billion BBls of Oil
= $380 Billion

So therefore ...

1 Billion BBls of Oil = $47.5 Billion

So ERHC's 500 Million BBls of oil
(Best NSAI_ estimate for JDZ 2-3-4)

is worth ... $23.75 Billion

Oil a bit Higher Please ...
and
Drill Ship Please ....