Replies to post #193597 on ERHC Energy Inc (ERHE)

[tryoty]

I can't really say. That's 61 cents per share in revenue, but we have no way to even guess at what kind of spending spree management might go on. At a minimum they will need to establish a top accounting dept. WAG that they increase staff/costs by 10X to $160M a year and that leaves $280M for pure earnings.

0.38 per share with a P/E of 20 would put ERHE at $7.60 from just 200K bpd. I think this is all an exercise in futility since there are so many unknowns, but it does illustrate potential. If the JDZ comes in big and can produce 1M bpd and ERHC can avoid being bought out, those projections of a share price in the $20-$30 range are *not* out of the question.

Before everyone starts throwing tomatoes, it'll take 10 years to get there unless China is hyper-aggressive in developing the zone.

I tend to agree with those that feel once the EEZ has some holes in it we can price this thing and it'll be sold. 5 years give or take.