ERI comparable Mart resources currently produces 7,700 bpd in Nigeria and has a $350M market cap. How does that translate for ERI? Post consolidation, ERI will have about 110,000,000 shares out (??) and 5,300 (??) bpd of production. Using a similar metrix, that would equate to a share price of approx. $2.25 when ERI starts trading again. One day......
Very hard to analyze this, but thats the best I can come up with. Anyone?