Replies to post #181250 on ERHC Energy Inc (ERHE)

[RKT989]

As the dollar makes it's way of all fiat currency I would suggest those forecasts are out of touch with that fact..

As the dollar drops inversely oil rises..

[YankeMike]

spp119: That wasn't my oil price forecast, it was a hypothetical to try to find out if there is a linear relationship between oil prices and the value of proven undeveloped deepwater reserves.
However, I do think oil prices will be higher than the BMI projections from their February 2009 presentation.

Either way, it's nice to have more confirmation that proven undeveloped deepwater oil reserves are valued somewhere in the $5 to $9 range.

Mike :-)

[tryoty]

What were that firms predictions 2 years ago for oil prices in July 2008? Did they predict $147 per barrel? Of course not.

"Stuff" happens... and there is a LOT of Isreal-Iran "stuff" going on, mostly ignored here because it's not ERHE direct.

But it *is*.