ERHC Energy Inc (ERHE)

[tryoty]

It was an "article", not "news".

Referring to that article...

1.) "OilNews Kenya cannot however verify whether any hydrocarbons were encountered during the drilling."

That would be the first question any reputable reporter would ask, yet this one didn't.

2.) "it is unclear whether a planned second exploratory well , the Egole-1"

Egole-1 was postponed indefinitely months ago. The "reliable source" didn't know THAT???

3.) "The news if true..."

A reporter calling into question the data in his own article? No other news source has picked up the story and/or validated any part of it... and the trading volume for the entire week since the article has been less than 2.5% of the shares outstanding.

This "story" smells of someone that may have heard otherwise tanking the share price to load up... and the steady increasing price since the article backs that up.