Environmental Remediation Hldg Corp. (ERHC) Message Board

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Microcap & Penny Stocks : Environmental Remediation Hldg Corp. (ERHC)

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To: fuzman who wrote (438)	8/2/1998 1:18:00 PM
From: Artoo-Detoo	Read Replies (2) of 671

Maybe you should do you DD. Do you have any idea how long it will take before this concession would produce 500,000 barrels a day? 10 years? 15? ERHC's corp. cut is 5% not 25%. The largest oil company's in the world usually only have a 40% interest in the blocks they explore. Drilling in deep water is very expensive (I believe 15-20$Million per well). Most of the concession is in ultra deep water. There is no way a company as small as this will be drilling a well(by itself) anytime soon, or in late 98 as the company claims. It's just to risky! If they were to take the risk and drill by themselves(49% interest, paying all costs) what would happen? They would either find oil or not. If they didn't the Co. would be in deep trouble if they did the stock would soar. It's easy to say that a country produces X amount of oil so STP will produce X amount of oil. Then this X amount of oil times X amount per barrel times % interest divided by X amount of shares times a P.E. of 20=? Doing that you can come up with a triple digit figure maybe even quadruple. If only it were so easy! I guess we will all have to wait and see...and wait...and wait...and wait.

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