Replies to post #218648 on ERHC Energy Inc (ERHE)

[DegenerateGambler]

Tryoty, I love your charts, but aren't they based on NSAI numbers that are "old", but are about to be revived for ERHC. I think it is time for someone who is "close" with D Kenney (like Julius Erving) to email him and ask him about the results.

Dear Mr. Kenney,
About a fortnight ago, it was disclosed that ERHC has rehired NSAI to revise their projections on Block 2,3 & 4 in the JDZ based on the latest findings. However, Sinopec has not completed their findings on the drilling results and are not expected to do so until September (at the earliest). Will NSAI wait for Sinopec to issue additional results before completing this requested report or can we expect a revised NSAI report before Sinopec issues their drilling results?

Also, does NSAI have access to information from Sinopec about the ongoing studies by Sinopec of the drilling that has occurred?
Sincerely,
Marcel (alias Dr. J)

[Krombacher]

For the $5 a barrel, I got the same $2.76 per share as you did in your spreadsheet. See Post # 218547. The only additional step that I did was to also indicate what Total's purchase price equivalent would have to be in JDZ 1. Also I tried it with 14 billion barrels and got a share price of $18.91 (using $5 a barrel) again in that same post.

That tells me that our spreadsheet aren't far apart.

Midtier says look at the other blocks in the region, the OML's and such and do a composite. If anyone has the NSAI numbers (prior to drilling) on those blocks and the purchase prices of those blocks, I will gladly compute them in a spreadsheet to see how those price influence ERHC's holdings.

Krombacher - p.s. thanks BB and Degen for the encouragement.