Replies to post #229842 on ERHC Energy Inc (ERHE)

[stocks2rise]

Major mulla,scratch,greenbacks,bucks,benjamin's etc for sure! Still think we will hear something real soon. Total wanting to start analyzing Block 1 immediately is huge. What if they hit a billion barrel find and it is the same chemistry as Akpo? WOW! They have until March 2011 to drill to satisfy Phase II commitment. Also Sinopec has to announce drill results and Phase II commitment by March as well or lose the blocks. Bottle-neck coming up fast. I am still trying to hang on to as many shares as I can.

[midtieroil]

Do the math. 1 TCF gas at $4 per mcf brings in $4 billion in revenue. 168 million barrels of oil at 85 per bbl brings in over $14 billion in revenue.

The 1 TCF conversion to 168 million bbls is only a conversion based on BTU content. It says nothing about the real value of oil vs gas.

So, as you can, oil is over 4 times more valuable than an equivalent BTU content of gas. It is why everyone prefers oil to gas. Combine that with the fact that gas is harder to store and ship and then you can see the real difference.