ERHC Energy Inc (ERHE)

[Julius Erving]

I would rather them keep focused on the business decisions on not ecstatic because they are up big or bummed because they are down big strictly on the current share price.

If you read the below, you still ask yourself, why aren't they buying more now, to lower their breakeven point...Strategy? You answered via Midtier already. But you must agree that it is 'somewhat' strange. But I must stress that nothing really solid can be deducted from this, other than that they let go of a real 'bargain'... according to management (and their own opinion).

Maybe one can deduct from this that they feel that they are not 100% sure what is going to happen, with glut oil for instance?

But strange it is... on the other hand, the CEO of TAIPAN bought an incredible amount of stock, and look at him now...

Hi Doc:

I’m not sure why there are posts stating that ERHC’s BOD can’t purchase shares. ALL of ERHC’s BOD participated in the Rights Offering and ALL hold ERHC shares. See page 61 of the 10-K:

www.sec.gov/Archives/edgar/data/799235/000114036114046566/form10k.htm

These are the totals held as of 9.30.2014 (the end of the fiscal year covered by the 2014 10-K):

Peter Ntephe 1,191,172 *
Dr. Uzoigwe 850,000 *
Howard Jeter 850,000 *
Friday Oviawe
505,000

Sincerely,

Daniel Keeney, APR
DPK Public Relations

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