ERHC Energy Inc (ERHE)

[jbofthecloth]

ERHC HAD rights in blocks 2, 3 and 4. Those rights were exercised and positions awarded as exercised. Those rights don't exist any more. They have been converted to positions in the blocks in the same way that an individual exercises a stock option.

ERHC IS a signatory to the PSC's and JOA's in each block. We we have fully executed legal documents that detail our positions in the blocks and relationships with the other participants in the blocks. This is in no way different than any other participant in the block regardless of how the positions were obtained.

This is not open for discussion.