ERHC Energy Inc (ERHE)

[Krombacher]

I think some people are not realizing that if they need to raise $10 million it's because the outlook of the company has changed to the point that raising that $10 million is worthwhile.

If it is worthwhile it's because the new, positive circumstances dictate it...

...and hence the share price will already be different, i.e. higher at that point in time.

The genius of this management is they raise money only in bits and pieces at a time in a conservative manner, especially when the share price is low.

Things are moving along nicely and it is unlikely they will need $10 million prior to their drill announcement in Kenya...which is maybe a month or so away.

In fact, by stating that they have only two options ahead of them, 3D or drilling...we already can be certain they are drilling. The only question is when and how much is down there.

Krombacher