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YankeMike

03/14/09 2:26 PM

#155118 RE: tryoty #155113

Nice post Troy!
Mike
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majicathome

03/14/09 2:42 PM

#155121 RE: tryoty #155113

Tryoty,
Not sure what you mean by investors. To me the difference will be the institutional investment and that has started, at least the largest one so far. How quickly other institutions join in will be the difference.

http://finance.aol.com/company/erhc-energy-inc/erhe/nab/institutional-ownership

edit: I think your second post was saying the same thing :-)
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miamidrift

03/14/09 3:18 PM

#155130 RE: tryoty #155113

Great post tryoty
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more please

03/14/09 3:41 PM

#155138 RE: tryoty #155113

Tryoty,

I strongly agree with what you have to say. Please let me add that over 1/2 of my portflio is erhc so I want this company to suceed.

For the most part I get upset at peoples unrealistic expectations of value, how fast we will attain it, and effects of news.

I do disagree with your $5 present valuation. You can also cite exxons 40% sell of block 1 for 77million which will give you a different sense of value (I know, lots of other factors).

The ultimate gamble on value is how much oil is there, excluding of course a buyout based on an educated guess.

Our profits will come. You have more confidence in a higher price then I do but I'm still ecstatic with less than 1/2 of your prediction. Hell, I'm pretty happy with .29 for now over the low teens we kept flirting with.
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Opus X

03/14/09 4:26 PM

#155150 RE: tryoty #155113

Well said. Thanks.

Opus X
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oil-cowboy

03/14/09 4:33 PM

#155155 RE: tryoty #155113

"When the news hits that Kina is an elephant, there will be no chasing, ERHC will be valued at its percentage of that oil times $5 overnight."

So if we drill Kina and she's a gusher. Hypothetically speaking, say we end up with 500 000mm bls (our share), you think the market will just pop to our new realized asset valuation number?
I have nothing even close to compare too, so I was just curious as to how you figure the sp would run. I guess it depends on the kind of run up pre-drill we experience also

Should be fun either way...!
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Spikes1

03/15/09 11:33 AM

#155221 RE: tryoty #155113

There are too many unknown factors to put a price tag on erhe.How much oil,if were bought out,stock split, listing on another exchange, more oil than estimated, less oil than estimated. We need another white board or chart to make sence of it all.