ERHC Energy Inc (ERHE)

[ERHClongtimer]

Yeah, Tamtam, I think negative market sentiment certainly didn't help with the stock price this week, but it also looked like someone was dumping a position today, with the high volume. Let's hope they are finished.

I added twice recently to my holdings of EHRE (once today and once last week). There is a lot of potential for good news coming down the pike, so I don't know how much lower the stock will go before we hear something:

1. Drilling results revealed (hoping for at least details on pay zones).
2. Phase II exploration commitment for Blocks 2, 3, & 4 announced.
3. EEZ blocks obtained by ERHC.
4. EEZ block farm-out MOUs signed w/more $$$ headed to ERHC's coffers.
5. Drillship contract announcement by Chevron to complete their Phase II well commitment (they only have 1 year left to do this), with Addopec possibly using same drillship thereafter to commence exploration/delineation drilling of their blocks.
6. Execution of ERHC's AIM subsidiary IPO.
7. Follow-through on MOU's related to marginal oil fields.

Most of these events could happen at any time, and with each day that passes by, the probability of their happening increases. - Longtimer