ERHC Energy Inc (ERHE)

[RUBY1100]

Last Few days Highlights ....

a] COB SEO Resigns ....
after a 6 year run as Chairman of the ERHC Board, the Iron fist leader who saved ERHC in 2001 from demise, who helped to create the JDZ, who negotiated perhaps some of the best oil deals for a company in history, Sir Emeka Offor is stepping down as leader...

b] a new SEC filing indicating ERHC has settled old lawsuits [which they said they would defend] and provided shareholders details of a 2006 negotiation in which ERHC may assume an additonal 9% or 2% Free carry in rich JDZ BL 4.

c] DoJ/SEC/Senate Hearings all in the background

d] BOFA - Market Maker a Net seller ASKing [selling] since July a relentless seller - consistantly TOP ASK after a final 60k block trade has appeared to leave the scene for now. Note during this selling campaign the PPS hit a fresh 4 year low of $0.20 - reflecting a low market cap of only $150 MM

e] the pps rally from .20 to .295

ALL these wild events in the shadow of the companies FIRST EVER Conference Call with Shareholders scheduled for Tues.

Timing of these events certainly cannot be considered a coincidence

Q: What is the REST of the STORY - many questions remain

a new Suitor perhaps ? - New Management? -

Lots of rumor and gossip to consider. Some seasoned and respected posters claim there is more to this and plans are already set in motion which should be positive.

Final thought 07/30..............

"To explain in detail the specific steps the board has taken and will
take to protect the company, its assets and its shareholders.

I have reason to believe that the specific actions will be bold,
decisive and very positive.

I think bold action should be met with broad support by all
shareholders as a concerted and protracted effort to cleanse the
company of any blemish of wrongdoing and create a corporate climate
that investors will flock to.

I can't wait."