ERHC Energy Inc (ERHE)

[Strategyone]

People don't try to over analyze this stuff. Keep in mind the preferential rights are just as simple as they were originally intended.

Following are the facts:

ERHE was given 2 100% choices AFTER STP's 3 100% options. STP gave 2 of those 100% options to EEL. So, ERHE gets picks 4 & 5.

The two 15% picks are AFTER the first 5 100% picks are gone. There is no option for ERHE to pick 15% in any of the first three block preferential picks (like some keep bringing up). It is very simple. ERHE gets their choice of 15% from the then available blocks AFTER the first 5 preferential picks are chosen.

Next simple issue: STP's - 3 zone issue. NOT AN ISSUE. It was written into the original preferential rights that STP can not do anything to lessen the value of the preferential picks. Therefore, the three zone's only apply after all preferential picks are selected (including ERHE's 2 15% by the way).

Just sit back and relax. Everything will work out no matter what the nay sayers stir up.