Replies to post #6517 on ERHC Energy Inc (ERHE)

[RUBY1100]

Claudealain a buyout of a company with 15 Million Proven and 33 Million probable for $2.5 Billion

vs ERHE at current Mkt cap of $350 Million / $0.50 share

if JDZ BL 2&4 have 3 Billion Barrels ...

ERHC assumes a 15% ave. carried interest = 450 Million Barrels

450/33 = 13.636 x $2.5 = $34.09 Billion

$34.09 / 710 MM S/O = $48 a Share

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this is only a comparison for BL 2&4
doesnt inlclude BL 3,5,6,9
doesnt include any Gas Properties
assumes current OIL at $60 [good chance to go higher]

doesnt assume EEZ rights
doesnt assume N-EEZ [potential]

looking out 1-3 years are we undervalued ???

= :-)

[Manti]

claudealain: There is no mention of how much $$ is actually being paid.... And there is no basis given for the valuation other than the price they'd like to get for the shares they want to sell... Another pink sheet scam artist.