thx AC - perhaps some may want to be the SCRIPT
I will try to capture many of the answers and re-post the answers to the board
Questions for the ERHC ENERGY Conference Call
August 21, 2007
JDZ & STPEEZ
1. ERHC's partners, Addax and Sinopec, have announced that they have 5 firm well slots and anticipate drilling as early as 2H 2008. Is this date firm, or will the Aban Abraham rig become available early when the current user pulls out of West Africa? Which block and/or structures are targeted first?
2. As drilling approaches can we expect Addax to announce drilling results as they go from well to well, or do you feel we will have to wait until all JDZ blocks are drilled to hear news on the results?
3. What is the status of Anadarko first drilling in Block 3?
4. What is the status of Blocks 5&6 of the JDZ?
5. Has anyone approached ERHC from Nigeria or Sao Tome to discuss any changes to the most current Block awards in the JDZ or STPEEZ?
6. Do we know what blocks we are interested in for the STPEEZ? Will ERHC be making STPEEZ block selections prior to the 2008 auction? If so, when do you expect this to be complete and will ERHC's selections be made public?
Operations
7. What is the current status of acquiring producing properties onshore?
8. Is the company's intent to sit and wait until the JDZ is drilled and produced, or is it going to adhere to its PR guidance and acquire revenue producing properties? If so, when?
9. As the operators of blocks 2, 3 & 4, Anadarko, Sinopec, and Addax are making all decisions and calling all shots, what has Mr. Ledbetter’s primary work focus been since his hiring?
10. Aside from sponsoring the 2008 Nigerian Oil & Gas Event [which is welcome news] what other steps is ERHC taking to renew our good name and standing in the industry?
11. What is the reason why we have not hired a CEO or CFO?
12. ERHC recently doubled its office space indicating an expectation for significant growth. What is the status of this growth and space utilization?
13. In the recently awarded OPL 291 West African Block awarded to ADDAX/STARCREST Nigeria Energy - Why did our Chairman feel the need to go through Starcrest vs. ERHC?
14. Are there any current discussions with anyone to either buy into ERHC or buy-out ERHC?
15. What is the current relationship between SEO and the new government in Nigeria? (Good, Bad or indifferent)
Legal Matters
16. What is the current status of any and all activities with the SEC, Homeland Security and the DOJ? Does legal counsel have a best guess as to when the investigation/process will be resolved?
17. What is the cash burn rate from our legal fees?
18. What is the range of maximum penalties that could be levied against the company should the DOJ or SEC determine that wrong doing has occurred that violate the FCPA regulations or securities laws by previous ERHC Managment in it's dealings with foreign nations?
19. If there is any wrongdoing regarding Feltang, will the money and shares be returned to ERHC?
20. From a legal standpoint, how secure does ERHE feel its rights are in the JDZ and EEZ? Legally does the company feel there is any chance we will be stripped of our rights?
21. What steps have been taken to protect ERHC's rights and its shareholders?
22. Is there a time limitation for Federal Government investigations, or can these investigations be left open indefinitely to tarnish ERHC's name?
Stock Performance
23. Has there been any discussions in regards to transferring ERHC Energy to a different financial listing board?
24. Is ERHC considering a reverse split?
25. Are the First Atlantic Bank shares held in "friendly" hands? Is management kept informed on a regular basis as to what FAB has planned for their ERHC shares?
26. Why isn't the company considering a stock buyback to help prop the stock price back up? What exactly are the plans to increase the stock price?
