Replies to post #181249 on ERHC Energy Inc (ERHE)

[spp119]

YM,

I would perhaps suggest you be more conservative on your oil price forecasts as well.

Here are some very realistic average annual figures (nicked) from one of the top UK analyst firms recent presentations (BMI-2/02/09)

--------------------

(2/2/09) 	2009	2010	2011	2012	2013 
 OPEC Basket($/b)52.0	58.0	65.0	70.0	70.0 
 WTI ($/bbl)	56.6	62.6	69.6	74.6	74.6 
 Brent ($/bbl)	55.7	61.7	68.7	73.7	73.7 
 Urals ($/bbl)	52.5	58.5	65.5	70.5	70.5

---------------------

regards,
spp119