Replies to post #5183 on JDZ Nigeria-Sao Tome e Principe

[Julius Erving]

I believe that SEO/ERHC is in a totally other position than Gandur/ADDAX.

The guy is younger, the guy is being carried. He owns a net percentage of whatever amount of oil is coming up in the coming years/decades. And oil will become very, VERY expensive again.

Do you see the picture...?

I'm getting Giddy meself. Just listen back to Schrull talking about the JDZ again. He sounded confident about oil being there.

Do I need to quote him?

Another point of attention: has it ever (!) happened that a company paid six, seven times the current share price?

I'm not sure, but probably not.

[manuel06]

JE:imho
BB:
ERHC waits for drilling results ....then ... we are bought by SNP for aprox 10$to 13.50$ a barrel...and so the picture will be clearer after drilling results in blocks 2 & 4 .
I dont know what techniques are involved in creating the different degrees of reserves..but...we will have descent estimates,I hope!
baz