ERHC Energy Inc (ERHE)

[eminence gris]

Addax Affirmation of JDZ Value:
I received a note from a Merrill source regarding Addax's presentation on Wednesday this week at ML's Conference and will paste verbatim. I haven't changed my opinion since my last post. As always, and especially exacerbated because it's Nigeria, timing's a bitch.
Here ya go:

"I would say the CEO's rhetoric was actually more bullish than usual. He is
now putting the Gulf of Guinea on par with Taq Taq as the 2 projects that
will create a "step change for the company". i.e. I think the Gulf project
will either be bigger than planned or onstream faster."

My source, also, noted Addax will be on the road in the U.S., plus presenting at the B of A conference to get the story out. Addax has no interest in a US listing and I don't blame them one bit. I imagine Sir EO may regretfully concur in hindsight.

Remember. It's tax loss season which has presented an even more attractive pps. As the old stock jockeys say - "There's a thousand reasons to sell, and only one to buy."

I conclude '07's going to finish better and '08 will be the deliverance for long-suffering ERHE holders.