ERHC Energy Inc (ERHE)

[Strategyone]

Not much follow up volume today but I like where the price ended on the week. Especially since we heard no official news.

My suspicions are the following possibilities or a combination of them:

1) Could be investor(s) who have heard about drilling results from Total/ Block 1 early.

2) Could be investor(s) who have heard specifics about Sinopec's decisions for blocks 2 - 4.

3) Could be investor(s) who have information on agreements for Seismic studies in Chad/EEZ/or further JDZ.

4) Could be investor(s) who have information of negotiations/agreements for a drilling ship for Blocks 2 - 4. Sinopec may have made their decision and is contracting a Rig before agreeing to a timeline for the JDA???

5) Could be investor(s) with information regarding advanced negotiations in EEZ partnerships/ IMO state agreements/ Chad partnerships etc.

6) Could be friends and family from Offer who knows what's transpiring short term....

Anyway you slice it, some pretty substantial volume (from an individual investors standpoint - not an institutional standpoint) came in this week. It put a sudden pressure on the bid side which raised the price fast. Since there wasn't substantial pull back or no new news released, I don't think this was any kind of day trader gambling going on. To me, the pattern looks like someone wanting to get in relatively quick before information is released.

I am looking forward to some positive news shortly.......