Replies to post #184409 on ERHC Energy Inc (ERHE)

[vineseeker2]

RKT, the five wells being drilled are the minimum requirements under the JDZ agreement to complete phase 1 exploration by march of 2010. One well each in block 2 and 3 and three wells in block 4.

[sneak-attack]

RKT: For every million barrels (ERHE'S cut) the stock should rise .0138 cents a share. Right now the market is betting that ERHE will only have about 45 Mbls of reserves. So for all the Doubting Thomas's that number is far to low.

I'M in your Camp, When the news hits, Look out. The NSAI numbers should put us at $4.64 a share.


Have a Nice Day
Sneak