ERHC Energy Inc (ERHE)

[wcamom]

I have not gotten a chance to go thru the mapny post today so please forgive me if others have posted any responses from DK...Im sure he was bombarded today..but here is his response to the questions I sent him earlier


Kelly:

Thanks for your interest in ERHC Energy. Since these efforts are just getting underway, my answers may be subject to change, but I’ll address your questions with my current understanding:

1. Is ERHC’s intention to be listed solely on the AIM or have dual listings?

ERHC has expressed an interest in listing on AIM to achieve enhanced shareholder value, institutional exposure and liquidity, while at the same time providing investors with greater transparency in terms of pricing and execution. You might refer to http://www.erhc.com/en/art/48/ where you can find some of the ideas that are driving ERHC’s interest in listing on the AIM. ERHC is currently working with Stand Hanson and several professional advisory firms to determine whether the corporate goals are better achieved by a dual listing or otherwise.

2. If there will be a dual listing, does that mean a dilution of shares?

As stated in numerous presentations that addressed the subject (see http://www.erhc.com/en/art/55/ as an example), the idea is to achieve more by accessing an additional pool of capital through the AIM. The Company will not seek to issue any new shares on the OTCBB, AIM or by any other means without first having properly evaluated whether shareholder value will be enhanced by such new issue.

3. What happens to the shares we are currently holding?

Remember, all shareholders have to be treated equally and any fundamental changes to your shares will require shareholder approval.

4. Will there be any type of reverse split to get to the AIM?

No reverse split is currently contemplated. In the event the company does at some point find it necessary to pursue this course of action, shareholders will be given adequate advance notice in accordance with law.


Sincerely,

Daniel Keeney, APR
DPK Public Relations

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