ERHC Energy Inc (ERHE)

[globaloil]

Further Explanation of my speculative working hypothesis...

The CPC process for NGAR/ERHE:

1. Incorporate the shell company - done

2. File the prospectus to take the company public - done

3. Hire a broker - done

4. Complete/close the offering - planned

5. Obtain the CPC listing (i.e., NGAR.P) - pending completion of prior steps

5. Identify the "Qualifying Transaction" (QT)

6. File QT statement with TSXV for minimum listing req's and await approval

7. Arrange private placement funding (earnest money for acquisition of ERHC Energy)

8. QT closes and NGAR.P becomes NGAR

9. OER merges with NGAR in a stock-for-stock trade (at negotiated ratio)