Replies to post #8452 on ERHC Energy Inc (ERHE)

[wx_gssr]

Thanks Manti, yes that math does work, I'll take it...LOL. Free carry to oil in 2 and 4...wonder how it will work in 3? and 5 and 6? Time will reveal it I'm sure.

[maskers]

so we gave up in block 2 65% winning bid (18.5% carried) and lost 46.5% to pxd to carry us.. so a partnership of 28.5% (erhc) and 71.5% to pxd?

so we gave up in block 4 60% winning bid (13.5% carried) and lost 46.5% to nbl to carry us .. so a partnership of 22.5% (erhc) and 77.5% to nbl..

what happened to 70/30?

based on 4.5B on blocks 1,2,4

1.5B block 2
1.5B block 4

1.5B block 2 (18.5%)=277.5M BO
1.5B block 4 (13.5%)=202.5M BO
total possible unproven 480M BO

$1-3/unproven equals 480M-1.44B market cap
equals 480/710=.676 to 1.44B/710=$2.02 on blocks 2&4 the most favorable...

dilution sicks I will take 1.5 now please

comments?