Replies to post #170922 on ERHC Energy Inc (ERHE)

[vip1999]

This may be an apple/orange comparison but in June 2003 IVAN has this performance.

 
 date      Open Hi   Lo   Closed Volume     
 10-Jun-03 0.47 0.65 0.45  0.55  4,358,900  
 11-Jun-03 0.71 1.18 0.68  0.93  46,773,000 

and at the peak of the run

 
 5-Nov-03 7.47 7.55 6.56   6.95  57,922,100  
 

However,the price did not sustain for whatever reasons. The point is. When a company has a major change. It could take off in a very short period of time to find the true value of the company.

[midtieroil]

I'm not "quite aware" of what we are worth. Can you please enlighten me. I know one thing for sure. We aren't worth nearly as much with $60 oil as we were when oil was over $100. Can you give also give me your estimate of how much lifting costs per bbl are in the deepwater of the JDZ?