ERHC Energy Inc (ERHE)

[Krombacher]

I'm glad you asked condor...I'm glad you asked, because I'd love to answer your question. In fact my answer may very well cause shorts out there hearing it to cover in a panic...

ERHE has performed miracles compared to a company like HDY. They spend money like crazy...and yet the money they spend doesn't even compare to properties they bring. Time and again, ERHC was on verge ... and time again, because they bring so much promise to the table, they get money...

...they got some money in a pp, in an offering, and now in convertible bonds...every time they said they'd get money, they did. Why? Because their proposition is so compelling. It's the same proposition that causes neither SNP nor Cepsa to worry about ERHC's financial state and partner with them. It is the same compelling proposition that gives Kenya and Chad govts to have confidence in ERHC.

They are following the same diversification strategy of having so many properties that their model mimics the very succesfull Africa Oil and doesn't go down the path of HDY..a one hit wonder which never hit.

So where is ERHC going to get its money this time????

Sounds like that same value proposition is attracting private equity interest too.

Krombacher