Replies to post #218640 on ERHC Energy Inc (ERHE)

[kownski]

One thing I'd like to know.
Every time I turn on the TV I hear about methane gas being burned off or detected above the water at the BP screw up in the GOM. Why is it flowing oil with it? Is it more than one zone blowing out? If so, it would almost have to be flowing up outside the 7" casing. Could it be that the methane zone also has oil in it?

Every time I read about methane gas only in blocks 2, 3 and 4, I wonder.

John

[dest_golf]

one possibliy about the secretive of the results is that they been asked to hold back negative results by the island until after the EEZ closes...just another view..

[tryoty]

You asked for it...

Here are ERHE price projections based on NSAI best and high estimates at 3 different proven undeveloped values; $5, $8, $13.40

First, at $5 per barrel of proven undeveloped:



Now a more realistic $8 per barrel of proven undeveloped:



And finally, at the $13.40 Sinopec paid for Addax's proven plus probable: