ERHC Energy Inc (ERHE)

[Krombacher]

ERHC is attending this event this week:

https://energychamber.org/leading-energy-companies-including-vitol-africa-oil-corp-and-erhc-energy-inc-will-gather-in-london-for-the-invest-in-african-energy-reception-highlighting-growing-global-interest-in-african-oil-and/

If ERHC is attending an "invest in Africa" conference, it can only mean 1 of 2 things.

1) it anticipates getting a ton of money for block 4 once the negotiation with Shell is complete and now wants to invest some of it after using some of it for a dividend

Or

2) it's looking for investors to invest in it's only remaining asset, the JDZ, assuming Total hasn't already done a deal there yet to be finalized per condominium theory.

Or BOTH.

But it's certainly not acting like a company about to lose its assets on Sept 30th.

Krombacher