ERHC Energy Inc (ERHE)

[Julius Erving]

Dan told me that the NSAI report is in the final stages of completion. To the degree that it examines some of the same JDZ Blocks as NSAI examined for Addax, it would seem reasonable to expect the estimates for those Blocks to be the same or similar.

The WesternGeco report ERHC released in June was from a 2003 report that was intended to help the company make Block selections in advance of the bid rounds. It’s in the second paragraph of the news release (http://www.erhc.com/en/rel/?116).

This NSAI report is based on 3-D seismic shot in 2007 that was intended to help pinpoint drilling locations. Expectation is that the newer data – along with the updated methods of analyzing the data –will give a more accurate assessment of ERHC's assets. . .

Also, the two reports are not aligned in the terms used. Risked and unrisked reserves aren’t the same as “recoverable reserves potential.” News release from June says; ”The estimate of recoverable reserves potential…did not include any attempt to comply with any SEC definition of reserves.”

The NSAI report complies with SEC requirements.