ERHC Energy Inc (ERHE)

[JohnnySticks]

My thoughts on tomorrows trading....

Speaking only as a non-professional closet chartist, I really think we need to bust through (and close) above the .72 (HOD) and close barrier on June 10 (in retrospect, who knew?) the last 6 weeks which also coincided with the last drilling update - June 9 after the close,

http://www.erhc.com/en/rel/178/

6/9/20090.450 0.530 0.450 0.530 835,356 0.530
6/10/20090.580 0.720 0.560 0.720 3,057,234 0.720 35.85%

I am not predicting another 19 cent advance but I think we need to keep a few points in perspective,

- We essentially now have definitive drill dates
- We are still only valued @ $1.49 per unproven barrel as of todays 69 cent close - (336M BBL P50 X $1.49)/ 722M O/S.

As stated before, I am not an oil industry expert but I have seen actual $4 Proven to $13.40 Proven deals posted on this board - so I feel pretty good about where we are right now.

I understand - myself included - it's just hard not to feel jaded by Mr OTCBB MM after all this time - 5 years for me!

That's just a natural skepticism we need to get rid of!

John.