Stock Market Alerts LLC: Aggressive Stock Alert! December 5, 2006
Miami, FLA., Dec 05, 2006 (M2 PRESSWIRE via COMTEX) -- Stock Market Alert's ERHC Energy Inc (OTCBB: ERHE),
ERHC Energy Inc. (OTCBB: ERHE) up 34.7% on 3.5 million shares traded ERHC Energy Inc. is a Houston-based independent oil and gas company focused on growth through high impact exploration in the highly prospective Gulf of Guinea
and the development of undeveloped and marginal oil and gas fields. Nicolae
Luca, interim chief executive officer of ERHC Energy Inc. issued the following
update last October after the market closed on Wednesday, October 11, 2006. "To
ERHC Shareholders: "I am pleased to again update the ERHC Energy family on the
company's progress during the past month. "As described last month, ERHC
representatives participated in September meetings of the Operating Committee
and the Technical Committee for the Blocks and in Management Committee meetings
between consortium partners and the Joint Development Authority (JDA). I believe
that the meetings were productive. We continue to develop our relationships with
our consortium partners in the Joint Development Zone (JDZ) Blocks, Addax
Petroleum and Sinopec Corp., and we remain positive about the progress being
made. "The committee that is conducting the search for the Company's new Chief
Executive Officer and Chief Financial Officer has narrowed down the list of
candidates and begun interviewing. We understand that this period of transition
has been unsettling for some investors, but we are convinced that a deliberate
process that leads to the selection of the right CEO and CFO is in the best
interests of the company and its shareholders.
