ERHC Energy Inc (ERHE)

[JBond007]

This week I had a conversation with the Chairman of a large NOC (National Oil Company) subsidiary which invests outside the native country in international opportunities)here in the MidEast. For his company's plans to increase E&P production they are actively buying into other geographical areas where they can. He mentioned he has instructed his staff to not go after areas where the Chinese and Indians are bidding becaues of the high risk of overpaying for assets and they are alsways in a bidding war driving the price uo too high. I causally mentioned "Are you looking at Nigeria and even San Tome JDZ prospects now?" He replied yes. West Africa is one area we find attractive and plan on exploring as much as possible if we get the right opportunities. He also mentioned S Korea was becoming more aggressive in bidding for O&G production. I hope this helps somewhat and to me it validates W Africa and our particular region as something the big companies are in fact reviewing.