ERHC Energy Inc (ERHE)

[Strategyone]

Wire, I think many have that same cautious voice in the back of their mind saying "what can possibly happen this time?". I also think there may be some traders here that are doing the usual buy the rumor sell the news and they are getting out before the news hits tomorrow.

The difference that I think will prevail this time is that if (ok BIG IF) the PSC(s) actually does get signed, there may be a new set of buyers willing to invest as the risk is dramatically reduced. Second, I think we will get news tomorrow of Blocks 3 & 4 being signed from the JDA. Within days we should get multiple PR's: 1 from ERHE regarding PSC signing, 1 from Addax regarding PSC signing, maybe 1 from the Block 3 operator, possibly several more regarding details of JOA's, 1 more from JDA regarding official date for Block 2 with Sinopec, etc.

I do think that with the signings of the PSC's it should open the flood gates for real and valuable data being released that previously was not allowed to be released. It should lower the wild speculations and fear tactics that have prevailed with ERHE for years. It should also allow investors to better estimate the value of ERHE. One of these days Chevron will even spill the beans regarding Block 1.

GLTA,

Strategyone