Replies to post #185421 on ERHC Energy Inc (ERHE)

[Tapco1]

Midtieroil = Not quite - What I have said - In previous posts, the split I came up with was -- Existing Reserves 60-70% and the JDZ assets 30-40%.

The value I used for the Reserve calculation (for 550 Million Barrels ) was around $ 10 per barrel and in line with what has been going on in the GOG. Exxon Offered Kosmos 4 Billion for Approx 24% of the 1.8 Billion Barrel projection in the Jubilee field.

Also, remember that Sinopec paid Approx. $ 2 Billion for Addax's outstanding Liabilities.

JMHO

tap