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Replies to post #185295 on ERHC Energy Inc (ERHE)

Replies to #185295 on ERHC Energy Inc (ERHE)
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kownski

11/06/09 8:23 AM

#185296 RE: RUBY1100 #185295

Sure a lot of different folks saying so!

May just be something to it:O)

John
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midtieroil

11/06/09 9:38 PM

#185383 RE: RUBY1100 #185295

Actually if you do the math Addax got next to nothing for their predrill JDZ assets. The purchase price was based almost entirely upon proven reserves, not undrilled reserves. Let's not pretend otherwise.