ERHC Energy Inc (ERHE)

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The Company has no sources of revenue and a history of losses from operations

The Company’s business is in an early stage of development. The Company has not generated any operating revenue since its entry into the oil and gas industry and has historically incurred significant operating losses. The Company may continue to incur operating losses for the foreseeable future. As such, the Company is subject to significant risks and may encounter unforeseen expenses, difficulties, complications, delays and other unknown factors that may adversely affect its business. The Company’s financial statements as of September 30, 2016 have been prepared on the assumption that the Company will continue as a going concern. The Company’s business requires significant financial resources. The ability of the Company to continue as a going concern is dependent on raising additional capital to fund its exploration projects and for other working capital requirements. There can be no assurance that the Company will be successful in its efforts to raise additional financing or if financing is available, that it will be on terms acceptable to the Company.