ERHC Energy Inc (ERHE)

[Strategyone]

'more please', Your arguement to purchase ERHE vs Addax is likely a good strategy as we get closer to drilling.

Right now, we are a year away from drilling for ERHE. Addax, on the other hand, has many irons in the fire. They are constantly making deals and have other active oil fields in production.

IMO, the investigations are overly priced in but may still be holding the price down. There realy is no reason for new investors to get excited about ERHE. People who know the story and believe in the potential are already "in" or still accumulating. Many speculators and traders have taken some off the table to play other runs as we may have 3 to 9 months before ERHE starts it's next big climb into drilling (hopefully with no turning back).

I have increase my position by about 50% in the past 2 months and it is possible that I will continue acquiring into the first quarter of 2008 if the price stays stagnant or declining.

Good luck to all.