ERHC Energy Inc (ERHE)

[Strategyone]

Meridian, good to see you posting again.

In many ways I agree with your opinion about ERHE and its direction. I think ERHE share price might perform better on the AIM where many other international smaller oil companies are listed. I also understand your opinion you previously stated about the most recent appointees to ERHE board. I do think that ERHE could have gotten candidates that had great financial qualifications but also within the oil industry and maybe not of Nigerian decent.

BUT (here's the big but) I think Offor is just being Offor, the businessman in Nigeria the way business is done in that neck of the woods. Although it doesn't always sit well with my US based business experience, I try to recognize it and evaluate it for what it is. Some other poster posted a link to an article that reiterated similar historical events and connections relating to Offor from what I have read in the past. I would like to hear your opinion of the article posted:

http://www.nigeriavillagesquare.com/content/view/2041/55/

If even half of what is said in an article like this is true, then it seems to me that Offor is continuing to do business the way he successfully has done things in the past. Using connections to place "Nigerians" on the board yet try to make it look like "outside" representation with New York base accounting firm and US citizenship board members. I think Offor tried and probably did increase the credibility of the board with the US/NY based individuals with good financial credentials yet probably maintained a "strong" influence over them with some kind of native Nigerian connections. We may never know how these people connect back up but I would bet they do.

I get the strong impression that you are influenced or connected in some way to Walter Brandhuber or to someone from the company from which Brandhuber came from. Especially, since he is the only non-Nigerian within the company right now. I am guessing that both you and Brandhuber think ERHE should be moving towards the European exchanges and broadening the directors with non-Nigerians but with strong oil experience and thus move the company quicker into other areas of influence than just the JDZ/EEZ. I would probably agree with that direction also but I think for the short term, Offor is sticking within his realm of influence and he is making it look like moving ERHE in the direction of a bigger US based exchange (with the outside director appointees).

I personally think it will take 6 months to a year before ERHE is solidified with drilling results from their own partners in blocks 2, 3 & 4 before they should move to another exchange. Although, I am sure the short term share price would benefit from any move, I think a lot of people want too much change in too short of time. For the short term, I would much prefer hearing about ERHE utilizing there efforts to finalizing drilling schedules within Blocks 2, 3 & 4, and beginning negotiations with STP about their EEZ rights or continuing negotiations on Blocks 5 & 6. JMHO.

I don’t think ERHE share price will have a problem getting to $2 or $3 on the OTC as long as any company continues to discover and disclose the details of the oil finds in the JDZ. It just may take more time.

Good luck to all,

Strategyone