ERHC Energy Inc (ERHE)

[Opus X]

Thanks Ruby1100 for the post from S Freed. I haven't gotten onto this Yahoo group for awhile since things have been so slow,

A comment that S Freed in this note reminded me again how well Addax fits the profile:

"However, what is to stop him from selling his shares to another company (and I'm not talking a major) for shares so he keeps the upside? He then remains an interested and viable shareholder (make that part of the deal) without the same problems. The only thing he gives up the the Chairman's seat. What is to stop that company from making a follow on bid for shares to the rest of us? If its a company with credible management, experience in the region and they come with a reasonable share bid, we'd really have to consider it. The only way I'd sell is if I get to keep the upside - swap shares for shares.

Positioning themselves on the London Exchange I think was very well timed. Late next year or early 2009, I certainly would not have a problem with Addax taking ERHE out in a share swap valuing ERHE +5 Billion $$ (higher or lower depending how the first drillings work out) and then ride Addax as it then becomes acquired by someone larger in the oil company food chain.

But now we set at $.30 and wait!

Opus X