ERHC Energy Inc (ERHE)

[doug c]

Another interesting post from ssp at EEL board:



Re your on-shore proposal for the subsidiary. We ‘re close in our thinking, very close….(see earlier post mailed about ten days ago). Afren did same recently….and it cost them $1.5m for some acreage with proven gas reserves left abandoned bt Shell! And there are lots more like that.



But ERHC should not come to AIM alone. It should tie in with a partner…preferably a big name who wants to enter Nigeria (and in that respect Gazprom is ideal).



Alternatively, if they are looking elsewhere in the world (FSU), then I have a suggestion. Tell the folks at ERHC to look at Frontera in Georgia (FRR on AIM). They are seeking a farm-in partner for a field with a P3 of circa 50mbbls. They are a stone’s throw from ERHC in Houston. I have never met a better-connected, impressively professional, small oil company like them. And they are the darling of the investment community in London. With truly amazing potential upside….even over the next few months.



Finally, I can tell you that a lot of PIs are looking forward to the London event (for we at ADVFN/EEL have been inundated with requests for more info). Furthermore I know that a certain widely read site is going to have something to say. Incidentally, I may show up also.



But please pass the word to Peter not to hype the assets so much with rather debatable – and dated –resource estimates. Most even partly-seasoned investors know what is contained in the JDZ……They’ve all read the recent Addax (NSAI) estimates, as well as those of EEL’s Block2. No use for inflated unrisked numbers.