ERHC Energy Inc (ERHE)

[TOB]

ERHC is indeed well diversified for such a small exploration company with limited cash. Indeed, it really is a testimony to ERHC 's leadership that they've been able to acquire these onshore exploration assets on such a limited budget. Not just any onshore assets, but choice locations in prolific geology.

Now that Kenya is indeed proving to be a prolific new oil region, we ERHE shareholders should be thankful our company owns the rights to a vast exploration block right at the intersection of two attractive geological trends.

Not much is said about Chad, but it really is an attractive asset. ERHC 's exploration targets there are closer to appraisal wells than wildcat wells as they target the flanks of basins with oil discoveries. Likely smaller targets, but with a high probability of success and adjacent to an operational pipeline to market.

Now even the vast and unexplored EEZ is waking from its slumber. With exploration ramping up across the way in Gabon in analogous geology. It seems deepwater exploration is starting to turn its attention south of the prolific waters of Nigeria. Something I've always considered inevitable.

IMO this is a great time to be buying ERHE , likely at, or near a long-term market bottom. Though historic price action volume shows few buy near these lows, rather the volume comes with chasing on the way up. At higher ERHE share prices.

I don't ignore the risks, they are always there and lower share prices are always a possibility, but as Krombacher point out, ERHE is not a one trick pony which mitigates the risks and increases the opportunities.