ERHC Energy Inc (ERHE)

[Krombacher]

what is the interconnection? A doomsday scenario of ERHC shareholders:

At the end of the month, SNP releases JDZ results to STP, and that information is given to the bidders in the EEZ, in secrecy, such that no one here finds out what the drill results are.

The bidders demand more time for the EEZ bidding so that they can analyze the JDZ results.

Prazeres delays the EEZ auction results so that the bidders have a chance to evaluate.

SNP, who also has an interest in the EEZ, decides to make Phase II in the JDZ a decision to be postponed until the EEZ results are in.

Conclusion for ERHC shareholders - no drill results for you at the end of August, as they are a secret. No Phase II decision as it is postponed. No EEZ auction results as it is also postponed.

Doomsday.

Krombacher