Replies to post #168487 on ERHC Energy Inc (ERHE)

[Opus X]

Sneak Attack........I like the way that you have crunched the numbers and your comment on the Caspian Sea interested me...do you remember where you heard that comment and from whom??

Check out this link on page 109 and 110 for comments on potential oil deposits in the Caspian Sea....(2nd greatest deposit of oil in the world.........we should be so lucky!)

http://books.google.com/books?id=pxiXOrOBN5UC&pg=PA102&lpg=PA102&dq=Caspian+Sea+Formations+oil&source=bl&ots=PRDEZhW7xI&sig=JMzLpFSniFdMwA3tvw2RzDX1W6o&hl=en&ei=zVNGSrdXjfu2B5CbvM0G&sa=X&oi=book_result&ct=result&resnum=2

A few things for certain after skimming this article:oil=money=politics and after so many years of drilling, they still don't know what's down there.

Sneak, what did you use as your assumption on $$ per barrel on your "$.83/100 million barrels" valuation for ERHE? With the free carry and China's propensity to overpay, IMO, even though it's in deep water, it should probably be on the higher side.

Thanks,

Opus X