ERHC Energy Inc (ERHE)

[Strategyone]

Interesting find today – well, it is refreshing to see that this new tidbit of info was found on the operator’s website instead of hearsay or secret sources, lol. Regardless of the specific translation, I find that it is very encouraging to see Sinopec talk about the "first.... breakthrough". The tone of this paragraph alone is encouraging and shows they will indeed tout their own horn when they are ready to reveal more news.

I have never accepted some of the views others have said here regarding the Chinese unwillingness to 'ever' disclose the info. They may take extra time or they may save some of the info for strategic reasons, but they also have now shown two specific examples of positive news releases (the other being the Sinopec PR a couple of weeks ago about another oil find with great detail). Even the Chinese have business reasons to publically show success.

I also feel that Sinopec is very close to releasing very detailed information along with the phase II plans. There may have been some strategic reasons to either wait for Total to come on board or for the EEZ September closing, but I do think they are ready to give a lot more information than some might expect.

We should find out in the next week or two.

Good luck all