ERHC Energy Inc (ERHE)

[Art2004]

AMJ, agreed the chances of Sao Tome making a fuss over ERHC and any bribery of Sao Tome officials is virtually non-existant with the firing of the AG by Menezes.

Menezes, of course, received the largest cash contribtion for his political campaign from Offor/Chrome of any Sao Tome official as noted in the Sao Tome AG report.

However, after being elected he conistently opposed the terms of the 1997 agreements with ERHC and had them renegotiated twice. It hardly amounted to a buying of positive inluence.

I feel that the whole saga will be remembered from the African perspective of Jan Hartman and Dougie Lackencamp, 2 ex US State Dept Officials, who attempted to exploit any differences in opinion on the ERHC/Sao Tome/JDZ contracts and awards and a rogue Sao Tome AG report compiled by Lackencamp that led to planned investigations of ERHC in the United States.

However, hard evidence will be difficult to come by for any FCPA violations.

ERHC/Offor could be looking at some moderate fines in the future, but nothing that would sidetrack ERHC's business and growth as an E and P company in West Africa.

Let's look ahead to our flowers bloomimg during the Spring of 2007, if not sooner.

Peace, happiness, and eventual prosperity for all who read here.