ERHC Energy Inc (ERHE)

[TOB]

No question ERHC management are busy pursuing additional exploration blocks as part of the diversification plan, just as we were informed.

They are not just sitting on their successes with Chad and Kenya, but actively building the portfolio and spreading the risk.

We know the company policy is to report material events when they are signed off on, and not to update specifically the companies and countries they are negotiating in until all is signed and approved.

I don't like to get my hopes up on any one bid until it's actually in the bag, I'm just happy they are out there actively hunting as we were told.

At some point just the size of the exploration portfolio becomes a force in and of itself. So much opportunity spread so widely in different geological setting begins to take on an aura of inevitability of discovery in one of them.

But the best part is the virtual certainty of exploration run-ups, as we now have two exploration blocks in two countries with active exploration plans, 3 on standby, and two approaching the runway with other exploration blocks being bid for.

Our golden star is fueling for lift off IMO. I'm not all that bothered in its exact placement, it's rare to buy at the exact low and most of the herd will only buy later in the rally.