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Saturday, 04/17/2010 10:35:16 AM

Saturday, April 17, 2010 10:35:16 AM

Post# of 361667
Ongoing issues will require my time and energy to be spent elsewhere for awhile and, as a result, this will be my last post for at least the next few weeks (yes, everything is fine). That said, I wanted to reiterate some of my OPINIONS prior to heading into the home stretch.

All below is my opinion:

I believe the growth strategy is nothing more than smoke as the managment awaits SEO to sign a deal. David Bovell gave us SEO's price in his fall/2008 presentation which is telling in itself that SEO will sell these assets to whomever meets his price.

Look out below if steps are actually taken toward growth and moves to other stock exchanges. There is not a single managment person I would trust to invest my money in to pick out Nigerian marginal fields. Thus far we've only seen/heard talk and it remains my belief that it is nothing more than wind.

Total's jump into the mix is logical and exciting. Their recently announced JV with Qatar Petroleum is equally exciting based on the talk of the middle east investment groups discussion with Sao Tome of a $5 B investment in Sao Tomes growth. The presentation ERHC gave in the middle east in 2008 also aids my excitment to the Total/QP JV announcement. Just dots at this juncture.

Drilling results?? I expect very positive results and a very healthy increase in stated quantity once volumentrics are recalculated and coordinated with seismic and handed down.

I won't be surprised to hear that SEO gives his nod on a deal shortly after drilling results are made public. That nod will be for a deal at least at the level David Bovell mentioned in his presentation! Hopefully the bulk of you will be able to hold until that time.

Goodluck to all.....and the prize you've been watching for years....well....now is not the time to take your eyes off of it.

BB