xxmax...EEL is currently selling for 208 pence. 100 pence = 1 pound. 1 pound = 1.71550 USD. So, in my estimation each EEL share is worth about $3.57 dollars per share. With 76,354,891 O/S this would equate to an approximate market cap of $272,586,960.87.
As you can see, a long shot from a $20 billion dollar MC. Their (EEL) market cap of $272 million USD and our (ERHC) market cap of $241 million USD are quite comparable. Should they be since we own much much more primo property? I don't think so....but yet EEL has commenced drilling in one of their blocks and that can make quite a difference. Our sp is artificial/manufactured IMHO behind the clients of NITE and TDCM. When they let go we'll see green IMHO. I'm just hoping the let go point is the PSC's, followed by the drilling schedules and financial deals made. If those factors are positive, the market will quickly recognize our value and will buy up all the shares NITE and TDCM want to offer up.
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