ERHC Energy Inc (ERHE)

[RUBY1100]

ERHE = UNDERVALUED

IMO this is no surprise to the regulars here. Thanks DADD for your ADDAX CEO clip - great to see our partners getting stonger and more credible - this can only help us along the way.

ADDAX says Nigerian offshore is SAFE to do business and nothing to do with the civil unrest of the region. Seems excited about their [JDZ] W.African Off Shore prospects. The bigger risk is the political risk and he states the increased laws on disclosure and transparency are now in place.

NOTE - this doesnt pertain to ERHC

Our Current & Future Oil and Cash Assets are way undervalued. And as Addax says we are only 1 terrorist event to get to $100 BBL

Look at the 3 year chart we are at the bottom once again, quite familiar territory. 3 round trips so far, we have gone from low $0.30s to high $0.080s-$0.90s.

A traders dream and longs nightmare.

We will do it again, IMO good news will come soon enough, going forward I feel 2007 could be our year. It seems every year there are major events with ERHC wheather it be Pre Awards, Awards or PSCs - this year I feel drilling schedules and perhaps drilling, new management, buyin perhaps? A break in the DOJ case - Joe Shea seems to think it will happen as new evidence is hurting the credibility of the the Prosecuters case.

Are there better plays out there, absolutely

None have quite the enteraintment value - thats for sure.

Buy low - sell high