ERHC Energy Inc (ERHE)

[Art2004]

oil junior, yes a good rant! Agree on all factors.

Until ERHC has an oil discovery in one of our blocks, ERHE won't have the SP or the clout to pull off an asset purchase, partnership, financing or IPO.

At current SP levels it would make no sense for ERHC to issue shares as a way of raising cash for an asset purchase.

However, if an asset deal was as sweet as our JDZ rights then ERHC could probably bring in a financial and or operating partner.

Have to see what develops.

IMHO at present, the most probable good news would be Addax and Sinopec coming up with the ROO.

It is good to see the company acknowledge that it will probably be the partnership or Addax and Sinopec who come up with an ROO, rather than Addax alone.

That adds a lot more cash to the table!!