ERHC Energy Inc (ERHE)

[RUBY1100]

VOLUME is the key indicator - in fact after the raid last May 2006 you can count the Million+ trading days on just a few hands

so the big guys continue to and are holding as they have held tight for years

there is been little new news to attract new buyers and a handful of bad news to scare off new ones and some traders/flippers as we compete with the broader market at all time highs ...

Fundamentally nothing has changed except speculation about our CEO and his dealings.

conversely one can argue we have never been in a better position i.e. / Legal team / better Investor Relations / Cash on hand / Block Partners / RIG Slot Secured / Imminent Drilling / Drilling Success rate of Addax / new Discoveries in the Region / new EEZ Round / CVX OBO 1 mystery / increasing Demand/Price of Oil / FRN & JDA continued support

the April highs of 2004, 2005 & 2006 we will be seen again

RED- please remind us again what happens to
[elephants and penny stocks]