ERHC Energy Inc (ERHE)

[Strategyone]

Sure, if you want to take the most pessimistic view of just the information you have but....

As history has shown us, the AKPO field next door to the JDZ also had just “gas” shows at the beginning. Now it is over a 1 billion barrel find.

Second, we now realize Addax/SNP did not drill deep enough to prove out targeted oil zones, just deep enough to show views in structures above the potential oil (gas caps).

Third, why ask for the extension for 6 months if what you propose were obvious. Just call them all dry and pack your lunch box up and go home (SNP that is).

Fourth, why would Total be interested in Block 1 and why would the 5 new wells “double” the value of the Obo-1 results as stated by Chevron.

Bottom line is that only time will tell at this point. The risk/reward ratio is still more than intriguing in my opinion. I will hold for more info.

Good luck