ERHC Energy Inc (ERHE)

[Strategyone]

Fishdog,

I am not an accountant but I don't think ERHE will be stating the $45 Million as Operating Revenue either. ERHE as it currently exists, has no operations (in the future when oil is being pumped and sold, that will be "from operations"). The $45 Million that ERHE received from it's JDZ partners is from negotiating away part of it's "assets" or rights previously acquired, therefore the $45MM will likely be catagorized as "sale of assets". I also think this is why ERHE can get away with checking the box yesterday on the delay announcement saying no "significant change in results of operations from the corresponding period for the last fiscal year ".

If there are any accountants out there, can you chime in and give us your guess as how the $45MM will show up on the filing next week?

Strategyone