ERHC Energy Inc (ERHE)

[Strategyone]

NOT MATERIAL -

ERHE has PR'd that our partners plan on drilling in the third quarter this year (and as early as July) for both blocks 2 & 4.

If the Sedco is on site and has already started drilling, then NOTHING material has changed since we are in the third quarter.

Yes, it may be material to yours and my wallets as the price will likely spike on speculation of results BUT nothing technically has materially changed for the ERHE business than already PR'd.

Many here seemed to think the company should be responsible to PR everytime a fly burps on an Oil Rig within a 1000 km of the GOG! SHEESH.

IMHO, the company probably has about 30 days to PR the results they get back whether they hit oil, hit nothing or if it is commercial or not (which they might not be able to tell until several holes are drilled). That could be up to 90 days from whenever a drilling rig begins to drill. Quit expecting something any day now.

Last note: yes, it would be nice and probably wise to do a pr with the first rig begins to drill but only from a marketing sense not a legal "material" event. I am all for it.