the Chinese bought APKO a 45% stake for $2.46B,
or about $5 per barrel".
Apko has 500 MM Bbls Proven
ERHC Based on Best Estimates ....
if ER gets 469 MM Bbls [Risked+Unrisked of JDZ 2,3,4] we can expect $3.26 / per share at proven
not including 4 x EEZ Blocks and JDZ BL 5,6 and 9 or Gas
so if ER gets 336 MM Bbls [Unrisked JDZ 2,3,4] we can expect $2.19 / per share at proven
not including 4 x EEZ Blocks and JDZ BL 5,6 and 9 or Gas
based on the Apko deal - not sure what the price of oil was at the time