ERHC Energy Inc (ERHE)

[CashMcMogulson]

Sorry, I'm late to the party but isn't CEPSA supposed to cover most of their capital needs they disclosed they plan to raise in the 10-Q? I'm debating on putting my toe in the water, and dilution is a concern:

ERHC's future plans will depend on the Company's ability to attract new funding. The company is planning to raise up to $48 million over the next 18 months to fund exploration programs in Kenya and Chad. The fund raising might include:

· Farm-outs of part of the Company' s assets in Kenya, Chad and the Sao Tomé and Príncipe Exclusive Economic Zone
· Issue shares of common stock through a registered direct offering
· Convertible Loans and other debt instruments
· Other available financing options