ERHC Energy Inc (ERHE)

[RUBY1100]

True HOWEVER ---

1. ERHC hinted [which is UNUSUAL for them]
"PROGRESS IS being made in the effort to secure a deepwater drill ship"
"Our technical partners "WILL" take the lead in announcing any breakthroughs"
"are pleased to be seeing action" and
"ARE CONFIDENT"
"that exploration "WILL" [NOTICE did not say "MAY"] commence in the coming months in
"AT LEAST" 1 JDZ Block

2. Many have been told to listen to the ADDAX Investor Conference call next Wed. for more potential clues

and now ........

3. Barry Morgan our old Pal who was writing about ERHC in 1999
yesterday writes that

"ERHC Energy hope to have the unit on location within 2 months"

"Sources close to Addax suggested funding had already been approved and the company's bankers are onboard with the timetable."

"Block 4 is estimated to host unrisked oil resources of 529 million barrels with the risked figure being 202 million barrels."