Replies to post #219578 on ERHC Energy Inc (ERHE)

[Krombacher]

Thanks, but it's not perfect, for example the case of Total entering and NSAI good and EEZ good is not there, because EEZ good is not conditional on anything else like Total or NSAI. Also another assumption is that if Phase II doesn't go forward, the EEZ still can go forward...so there's some flaws, I admit. I did say this was a rough draft.

But what's interesting to me is that the market seems to think only 8% probability for Phase II, which is out of whack in my opinion, given that the board thinks that it is a given.

it should give an idea of what could happen on Phase II announcement: in the $2 range.

Krombacher